Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Professional services group Parity posted a full-year loss after sales slumped, thought it said a transformation programme was complete and helped it to post positive operating earnings.
Pre-tax losses for the year through December amounted to £0.3 million, compared to year-on-year losses of £1.1 million. Revenue dropped 28% to £57.8 million.
Parity made a modest operating profit of £23,000, compared to a year-on-year operating loss of £725,000.
Looking forward, Parity said that if the pandemic eases as expected, it anticipated more growth in the second half of 2021 as business confidence returns.
At 9:58am: (LON:PTY) Parity Group PLC share price was 0p at 7.38p