Parity shows 52% rise
Wednesday 23 August 1995
Parity, the information technology service group formerly known as Compac, served up a 52 per cent rise in profits to pounds 3.07m for the first six months on the back of strong demand for IT consultancy in the UK.
Revenues moved up 62 per cent to pounds 61.5m, compared with pounds 38m in 1994. The dividend rose 33 per cent to 1p versus 0.75p in 1994 and earnings per share grew 37 per cent to 4.8p.
The increase was in line with analysts' expectations following the group's acquisition activity in 1994, and the share price was marked down 1p to 160p.
After a year of acquisitions in 1994, the chairman, Billy Carbutt, said the predominantly UK-based company would continue to expand its UK business and did not rule out expansion in other European countries.
Parity restructured its operations in December last year, merging its pounds 2.3m acquisition of LBMS and pounds 8.3m purchase of ACT Business Systems and BIS Training into Parity Solutions, a provider of consultancy, training and systems development.
- 1 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 2 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 3 Google April Fools': company unveils backwards search engine and huggable digital assistant
- 4 April Fools' Day 2015: The best hoax news stories from around the internet
- 5 Gamers confess the worst things they've done in The Sims
University of Cambridge: Remains of 1,300 scholars are found under building
April Fools' Day 2015: The best hoax news stories from around the internet
April Fools' Day 2015 live: The best pranks and fake stories from around the world
Turkey power cut: Prime Minister says nationwide blackout could be caused by terrorists
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 per annum + commission: SThree: Sthree have an exciting opportunity for...
£18000 - £32000 per annum: Recruitment Genius: A Telesales Executive is requir...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...