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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phsc Plc | LSE:PHSC | London | Ordinary Share | GB0033113456 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 27.00 | 26.00 | 28.00 | 27.00 | 26.50 | 27.00 | 21,375 | 14:14:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Health & Allied Services,nec | 3.44M | 243k | 0.0220 | 12.27 | 2.98M |
From Aug 2019 to Aug 2024
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PHSC plc
Trading Update
15 May 2013
PHSC plc ("the Company"), a leading provider of health, safety, hygiene and environmental consultancy services and security solutions to the public and private sectors, is pleased to announce an update on its performance for the financial year ended 31 March 2013.
These indicative figures are per management accounts, currently unaudited.
Consolidated Group revenue for the period was around GBP 5.8m representing an increase of approximately 30% over those achieved during the previous year (GBP 4.4m).
EBITDA was approximately 35% higher than the previous year, at GBP 0.6m compared with GBP 0.44m last year.
Net assets rose to approximately GBP 5.6m, including cash of GBP 216,000.
Stephen King, CEO, said: "The improvement in revenues and profitability has come about as a direct consequence of the Company's decision to diversify away from its core activities. This has enabled us to exceed the forecasts that we set ourselves at the start of the year. Our two acquisitions (QCS International Limited and B to B Links Limited) have both made positive contributions. Bank balances have decreased due to acquisition payments, and cash is around GBP 700,000 lower than at the end of 2011/12. Further instalments of almost GBP 450,000 in total fall due during Q2 and Q3 of 2013/14. Given current trading and the resulting positive forecasts for our cash flow we anticipate that the anniversary payments will be met from the Company's cash resources, rather than from our bank financing facility.
"The Company's trading subsidiaries are reasonably confident that they can continue to deliver satisfactory results. More details about how individual subsidiaries have performed will be outlined in the Preliminary Announcement of Results, expected in the first half of July 2013."
For further information please contact:
PHSC plc Stephen King 01622 717700 Stephen.king@phsc.co.uk www.phsc.plc.uk Northland Capital Partners Limited (Nominated Adviser & Broker) Edward Hutton / Gavin Burnell 020 7796 8800 John Howes / Alice Lane (Broking)
Copyright y 14 PR Newswire
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