Parity Group expecting double digit growth

Parity Group is trading in line with expectations and expects to deliver double digit growth in profits year-on-year, according to a trading update for the six months to 30 June 2018.

The update, released by the technology staffing specialist this morning, reveals the group expects an increase in profit before tax on the same period of last year. The group added tight cost controls and working capital management has continued to give it a “solid” platform for growth.

Commenting on the group’s performance, CEO Alan Rommel said: "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.

A further update will be provided within H1 results for the six months to 30 June 2018, expected to be announced by mid-September.

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