GB Group H1 Adj. Operating Profit, Excl. FX Gain, Rises; Revenue Up 1.8% On Constant Currency Basis
GB Group PLC (GBG.L) posted a first half pretax loss of 57.3 million pounds compared to a loss of 24 thousand, prior year. Loss per share was 21.8 pence compared to a loss of 0.3 pence, primarily due to the non-cash impairment of goodwill charge. Adjusted operating profit was 23.9 million pounds, compared to 28.1 million pounds, previous year. Adjusted earnings per share was 5.1 pence compared to 7.3 pence. Adjusted operating profit excluding FX gain was 23.6 million pounds compared to 21.8 million pounds, prior year.
For the six months ended 30 September 2023, revenue was 132.4 million pounds compared to 133.8 million pounds, last year. Constant currency revenue was 132.4 million pounds compared to 130.0 million pounds. Excluding the year-on-year decline in cryptocurrency customer revenues, revenue was up 3.3%.
GB Group said second-half performance to date has been in line with its expectations and the Group anticipates that fiscal 2024 revenue growth will be broadly in-line with current expectations.
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