Trading Update
Updated : 07:03
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
END
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