Sign up
Tech Capital

Parity shares gain as it expects double digit growth in first-half profits

Parity said its "robust first-half performance" and "encouraging" sales pipeline gives it confidence in achieving sustained organic growth
computer
Shares rose over 6% in afternoon trading

Parity Group PLC (LON:PTY) said it expects to report double-digit growth in profit before tax in the first half, sending its shares higher on Wednesday.

The technology-focused consultancy and staffing business said its tight cost controls and working capital management “continue to provide a solid platform upon which to grow”.

READ: Parity's full-year profits jump 73% as it exits non-core to focus on key growth areas

"This robust first-half performance combined with an encouraging sales pipeline from both existing and new customers, gives us confidence in achieving sustained organic growth, supported by our continued investment in new sales capability and our development of higher value services targeting the high growth data solutions markets,” said chief executive Alan Rommel.

Shares edged up 6.5% to 13.90p in afternoon trading. 



Register here to be notified of future PTY Company articles
View full PTY profile View Profile
View All

Related Articles

Dancing Sikh
With 4bn tickets sold each year for Bollywood films, it is little wonder that India is taking an interest in GrooveME's hologram technology but that same technology can bring a bit of India to places such as Thetford

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.