Parity Group PLC - London-based data and technology-focused professional services firm - Widens pretax loss in 2022 to GBP1.3 million from GBP1.1 million in 2021. Explains this was due to an impairment charge of GBP2 million relating to goodwill acquired in 1999 that relates to consulting activities. Revenue falls 14% year-on-year to GBP40.6 million from GBP47.0 million.
Executive Chair Mark Braund says: "2022 has seen us complete the shift back to focus on recruitment and reshape the organisation, ensuring that we have a structure that is both efficient and scalable. In amongst all the change, we have continued to invest in our teams and develop our staff, cementing our culture and a much-improved focus on what we are 'great' at...In 2023 we are looking to build on the investments we have and continue to make in new business areas and will also explore other opportunities to support the long term development of the business and shareholder value."
Current stock price: 4.70 pence, finishing 1.1% lower in London
12-month change: down 33%
By Heather Rydings, Alliance News senior economics reporter
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Parity (PTY)