GB Group plc (GBG.L) announced its results for the six months ended 30 September 2009.
Profit for the period attributable to equity holders of the parent and total comprehensive income was £314 thousands, compared to £489 thousands in the year-ago period. Earnings per share were 0.4 pence, down from last year's 0.6 pence.
Profit before taxation declined to £341 thousands from £521 thousands in the same period a year ago.
Revenue for the first half was £10.51 million, down from £11.68 million in the prior year period.
GB's non-executive Chairman, John Walker-Haworth said, "Given current market conditions we expect that the remainder of the year will continue to be difficult for the DataAuthentication business and that its revenue performance will remain broadly similar for the balance of the year with full year earnings now anticipated to be below our earlier expectations."
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