14th Jan 2020 12:06
(Alliance News) - Staffing and consultancy business Parity Group PLC on Tuesday left its full-year guidance unchanged after trading in line with expectations in its second half and adding that it ended the year debt free.
Parity said: "Trading during the second half of 2019 has been as anticipated and expectations for full year adjusted profit before tax remain unchanged."
The company reported that cash collections during December were "exceptionally strong" and the company expects to report a net positive cash position.
At December 31, 2018, Parity reported that it had a net debt position of GBP1.1 million.
Shares in the company climbed 6.5% to 10.39 pence each in London on Tuesday morning.
By Eric Cunha; [email protected]
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