logo-loader
Parity Group plc

Parity Resources warns on full year outlook

Parity Resources (AIM: PTY), the IT recruitment, consultancy and training company, fell to a new all time low after warning that trading in the first quarter of 2008 was below expectations.

Parity did its best to make a mildly disappointing update sound positive, but investor's headed for the exit after the company said it would take a £0.5 million hit on non-recurring costs and pinned its hopes on a strong recovery in profitability in the second quarter to make up for the weak start in the first quarter.

Overall, Parity said it now expected the results for the full year to come in below management's expectations, with a heavy emphasis on trading in the second half.

no_picture_pai.jpg
Parity Resources (AIM: PTY), the IT recruitment, consultancy and training company, fell to a new all time low after warning that trading in the first quarter of 2008 was below expectations.

Parity did its best to make a mildly disappointing update sound positive, but investor's headed for the exit after the company said it would take a £0.5 million hit on non-recurring costs and pinned its hopes on a strong recovery in profitability in the second quarter to make up for the weak start in the first quarter.

Overall, Parity said it now expected the results for the full year to come in below management's expectations, with a heavy emphasis on trading in the second half.

Quick facts: Parity Group plc

Price: £0.08

Market: LSE
Market Cap: £7.95 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Mawson Resources releases metallurgical results from project...

Mawson Resources (TSE: MAW) CEO Michael Hudson joined Steve Darling from Proactive Vancouver on Skype to discuss results from the first stage of the metallurgical study at their project in Finland. Hudson telling Proactive the results were positive and he talks about the next steps on the...

4 hours, 27 minutes ago

RNS

Holding(s) in Company

3 weeks, 6 days ago

Holding(s) in Company

on 08/19/2019

Holding(s) in Company

on 07/11/2019

Director Disclosures

on 06/13/2019

Result of AGM

on 05/30/2019

Holding(s) in Company

on 05/20/2019

Posting of Accounts

on 05/08/2019

2 min read