Parity Group PLC Trading Statement (8898R)
15 December 2016 - 6:00PM
UK Regulatory
TIDMPTY
RNS Number : 8898R
Parity Group PLC
15 December 2016
Parity Group PLC
15 December 2016
Parity Group plc ("Parity "or the "Group")
Trading Update
Parity (AIM:PTY), the UK information and technology services
group announces the following pre-closing trading update.
The Board is pleased to report that the Group's momentum,
detailed in the interim results announced on 8 September 2016, has
continued and that it now expects EBITDA* for the year ending 31
December 2016 to be slightly ahead of its original
expectations.
The Group has benefitted from increased internal collaboration
to support growth in the higher margin Consultancy Services
division, which has driven profit improvement and cash
generation.
The Board looks forward to 2017 and continues to be focused upon
improving shareholder value.
*EBITDA is before share-based payments and non-recurring
items
Enquiries:
Parity Group PLC
Alan Rommel CEO
Roger Antony GFD 0208 543 5353
MHP Communications
Kelsey Traynor 020 3128 8100
Investec Bank PLC
Andrew Pinder
Patrick Robb
Dominic Emery 020 7597 5970
END
This information is provided by RNS
The company news service from the London Stock Exchange
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December 15, 2016 02:00 ET (07:00 GMT)