Information  X 
Enter a valid email address

GB Group PLC (GBG)

  Print      Mail a friend       Annual reports

Wednesday 31 July, 2002

GB Group PLC

AGM Trading Update

GB Group PLC
31 July 2002

                               

                                      Wednesday, 31 July 2002.



                      GB GROUP PLC ('GB')
                               
                 AGM Trading Update Statement

At  the  Annual General Meeting GB held today at  the  Group's
offices  in Chester, John Walker-Haworth (GB's Chairman)  gave
the following trading update statement to shareholders:

'In  the Annual Report and Accounts of two months ago, we  set
out our strategy of focusing on our core Customer Relationship
Management businesses, to grow them organically and to improve
the  efficiency of existing operations.  Compared to the first
quarter  of the previous financial year, comparing  like  with
like,  turnover and gross profit were approximately 6%  higher
and  operating expenses before goodwill were approximately  6%
lower.   Historically, our experience of these  businesses  is
that  the end of the financial year is much stronger than  the
beginning,  as  renewals of contracts  are  confirmed  in  the
second  half  of  the  year.  So profitability  is  very  much
weighted towards the end of the financial year.  We have taken
a number of interesting and promising marketing initiatives in
recent  months.   We  remain confident  about  the  underlying
business and continue to be pleased with our progress to date.

At  30  July 2002, cash balances were £6.1 million  (31  March
2002: £5.3 million).'


For further information, please contact:

GB Group plc                                     01244 657333
Richard Law, Chief Executive

Weber Shandwick Square Mile                      020 7950 2800
Richard Hews
Trish Featherstone




                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                                                                        

a d v e r t i s e m e n t