Parseq, the financial services outsourcing and mobile banking group, announced that the interim results to June 2011 are anticipated to show sales of £12 million, with Software delivering a 44% increase on H1 2010's sales of £2.7 million.
Profits are expected to double from the pro-forma £500,000 achieved in H1 2010. The full year result is anticipated to be below both market expectations and 2010’s interim results due to softness in the BPO division, although Software is expected to continue trading in line with or slightly ahead of expectations. Steps are being taken to improve BPO's long-term financial performance.
The PSQ share price has decreased by 16% over the last year.
Parseq Plc is currently graded b by LCF Research. To learn more, follow the link.
