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GB Group PLC on Thursday reported first-half growth in the six months to September 30.
Shares in the identity data intelligence firm suffered selling pressure, falling around 19% to 348.40 pence each on Thursday midday in London.
For the reported half-year, the Chester, England-based company expected revenue to rise by 23% to £133.8 million from £109.2 million a year earlier.
GBG said it experienced volatile foreign currency movements during the period, particularly pound sterling versus the US dollar. "This caused a favourable effect on the translation of GBG's significant US dollar denominated revenue, contributing approximately 6.5% to the reported period-on-period pro forma revenue growth", it explained.
"Full year expectations remain unchanged despite macro-economic uncertainty; assisted by foreign exchange benefits," GB Group said.
It expects to report an adjusted operating profit margin for the first half of approximately 21%, and for growth to accelerate into the second half.
Chief Executive Officer Chris Clark said: "I am proud of the way that the GBG team have delivered excellent service and support for our customers despite the challenging economic backdrop over the past six months. Good progress has been made against our long-term growth strategy, which continues to focus on bringing together our market-leading Location, Identity and Fraud solutions to address the needs of the digital world."
GBG said it will release its half-year results on November 29.
In June, GBG reported a fall in pretax profit for the financial year ended March 31 to £21.7 million from £34.2 million a year ago. Revenue rose to £242.5 million from £217.7 million.
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