Trading Update

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                                                                                                            [phone]

Donhead Consultants, PR & Communications                                                                                                         

David Beck                                                                                                                                         [phone]

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