Corvus Capital Inc. 2007 Report & Accounts
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Interim Results for the six month period ended 31 March 2008.
TechMARK movers: Parity takes the lead
23 Jul 2008
is today's best performer after the IT staffing group announced the disposal of Parity Training Limited to for £4.775m.
The group said proceeds of the disposal will be used to reduce its borrowings, further strengthening its financial position going forward.
Parity said its remaining divisions, Resources and Solutions, have traded in line with management's expectations. "Improvement in working capital has been, and will remain, a high priority. At the end of June 2008 net debt was significantly lower than expectations and lower than at the end of 2007," it said.
As stated previously, training experienced a weak first quarter due to delays in orders from clients. But the group said significant improvement in demand has been seen which, combined with cost reductions, is expected to deliver a strong second quarter.
Digital tetra radio provider said its expectations for full-year results remain unchanged, adding that Graham Mathews intents to retire as chief executive of the group.
Parity Group (PTY) 26.00p +13.04%
Skyepharma (SKP) 3.39p +11.88%
BTG (BGC) 200.00p +5.68%
Intec Telecom (ITL) 37.50p +5.63%
Inion (IIN) 7.00p +5.58%
Ceva Inc (CVA) 395.00p +5.33%
Sinclair Pharma (SPH) 39.00p +4.70%
Vislink (VLK) 28.25p +4.63%
Anite Group (AIE) 37.50p +4.17%
Sepura (SEPU) 90.50p +4.02%
Plasmon (PLM) 4.00p -8.68%
Oxford Biomedica (OXB) 9.70p -5.37%
Ark Therapeutics (AKT) 46.50p -5.10%
Alizyme (AZM) 14.75p -3.28%
Genetix Group (GTX) 54.00p -2.70%
Vernalis (VER) 4.80p -2.04%
Phytopharm (PYM) 15.50p -1.59%
Innovation Group (TIG) 17.75p -1.39%
SDL International (SDL) 362.00p -1.09%
Axis-Shield (ASD) 278.25p -1.07%
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