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Parity Group PLC issues FY 2013 adjusted EBITDA guidance and updates on reorganization

Thursday, 5 Dec 2013 02:00am EST 

Parity Group PLC:Says the group's profitability has continued to improve.Says as a result, adjusted EBITDA for the year ending Dec. 31, 2013 is now expected to exceed 2.5 million pounds, an increase of over 80 percent on the previous year.Says as previously disclosed, the Board had set in motion an internal decentralisation to divide the Group into two distinct business divisions, Parity Professionals and Parity Digital.Says this reorganisation is now complete and the two businesses, each with a Chief Operating Officer, will be reported as separate divisions in the Group's 2013 results for the year ending Dec. 31, 2013.Says the Parity Professionals division predominantly comprises the IT staff agency Parity Resources.Says the Parity Digital division contains Inition, 3D technology company, and Systems business, providing business intelligence and web portal solutions. 

Company Quote

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24 Oct 2014