Source - SMW
Parity Group has swung to an H1 pretax profit of £0.2m, from a loss of £0.9m. Revenues were up 15% to £47.5m, from £41.2m.

CEO Alan Rommel said:

"Parity has made strong progress in delivering the new growth strategy, and it is clear to see the enthusiasm across the Group with which this momentum is being maintained. 

"The improved financial results demonstrate that the Group has a stable and solid base upon which it can continue to invest in our Professionals division and to create new higher-value services through our exciting new Consultancy Services division.

"The Board remains confident in the progress being made in the new strategic direction, and is focused on continuing to drive profitability, cash flow and shareholder value. Current trading is in line with expectations, with an improved performance expected in the second half."

At 9:56am: (LON:PTY) Parity Group PLC share price was +0.63p at 9.38p