REG - Parity Group PLC - Trading Update

PartwayAnnouncement

14/01/2020 07:00

RNS Number : 6624Z
Parity Group PLC
14 January 2020
 


14 January 2020
 
Parity Group plc
("Parity" or the "Group")
Post Close Trading Update
 
Parity Group plc ("Parity" or the "Group"), the data and technology focussed professional services business, today provides the following update on trading for the financial year ended 31 December 2019.
Trading during the second half of 2019 has been as anticipated and expectations for full year adjusted profit before tax remain unchanged.
Cash collections were exceptionally strong during December 2019. As a result, the Group now expects to show a net positive cash position at the year end. At the 31 December 2018 the Group had a net debt position of £1.1m.
 
For further information, please contact:
 
Parity Group PLC                                                                                                  www.parity.net
Matthew Bayfield, CEO                                                                                                              + 44 (0) 208 543 5353
Roger Antony, GFD
 
WH Ireland Limited                                                                                 www.whirelandcb.com
Mike Coe / Chris Savidge                                                                                                            +44 (0) 117 945 3470
 
Donhead Consultants, PR & Communications                                                                                                         
David Beck                                                                                                                                         +44 (0) 7836 293383
 
 
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