Parity Group PLC (AIM:PTY), the technology-focused recruitment company, said it expects to report growth in fee income and adjusted EBITDA profit for the first half of this year after refocusing the business and streamlining costs during the prior year.
Compared to the second half of 2021, the company expects up to 9% higher net fee income.
After a loss in the second half of 2021, adjusted EBITDA is expected to be around £0.3mln.
"Having successfully rebuilt the core recruitment business platform within Parity, we are beginning to see this capability make a positive impact on the performance of the business," said Mark Braund, Parity's executive chair.
"The balance of the year will be focused on maintaining our positive momentum and positioning the business for further growth in 2023."
Investments made in the first half of this year to develop a permanent recruitment team are already beginning to pay off and this revenue stream will be developed further in the second half, he added.
Shares of the company were trading 5.21% higher today at 8.68p.