Oct 17th 2013 - Edison Investment Research today published a report on GB (GBG.L, LSE:GBG, LON:GBG) entitled "Strong Trading Update For First Half FY14". In summary, the report says:
GB Group's H114 trading update, ahead of its interim results due to be reported late November, indicates that management expects an increase of over 50% in adjusted operating profit to not less than £2.3m versus £1.5m in H113. This strong growth has been driven by both organic activities and acquired businesses. Since FY13 year-end, the group has made one small acquisition, CRD (UK), and we believe that the group is well positioned to pursue further organic and acquisition growth. It has high operational leverage, which we expect to boost margins further as it continues to grow its global offerings.
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