Parity Group PLC Trading Update (9351U)

TIDMPTY

RNS Number : 9351U

Parity Group PLC

18 July 2018

Parity Group PLC

18 July 2018

Parity Group plc ("Parity "or the "Group")

Trading Update

Parity (AIM:PTY), the technology focussed consultancy and staffing business, today provides the following update on trading for the six months ended 30 June 2018.

We are pleased to report that the Group has traded well and in line with our expectations in the period and is expected to deliver double digit growth in the Group's profit before tax from continuing operations compared to the same period in the prior year.

In addition, our tight cost controls and working capital management continues to provide a solid platform upon which to grow.

Alan Rommel, CEO, commented:

"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 the half year results for the six months ended 30 June 2018, which are expected to be announced by mid-September.

Contacts:

Parity Group PLC www.parity.net

Alan Rommel, CEO 0208 543 5353

Roger Antony, GFD

WH Ireland Limited www.whirelandcb.com

Mike Coe / Ed Allsopp [phone]

MHP Communications [e-mail]

Katie Hunt / Kelsey Traynor [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

TSTRRMITMBABBFP

(END) Dow Jones Newswires

July 18, 2018 02:00 ET (06:00 GMT)