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PHSC Phsc Plc

25.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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% 25.00 24.00 26.00 25.00 25.00 25.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Health & Allied Services,nec 3.44M 243k 0.0220 11.36 2.76M

PHSC PLC - Trading update

29/01/2015 7:00am

PR Newswire (US)


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29 January 2015

                                   PHSC PLC

                    ("PHSC", the "Company", or the "Group")

                                Trading update

PHSC plc, 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 up to the end of the third
quarter of its financial year. All figures shown are per management accounts
and unaudited.

Consolidated Group sales and EBITDA for the nine months ended 31 December 2014
were as below:

Group sales and other income: GBP 5,949,808 (nine months ended 31 December
2013: GBP 5,715,755).

EBITDA: GBP 656,704 prior to acquisition staged and final earn-out payments
(nine months ended 31 December 2013: GBP 475,378).

Cash totalling GBP 563,528 has been paid in connection with final instalments
and earn-out bonuses due under acquisition agreements (GBP 105,285 for QCS
International Limited and GBP 458,243 for B to B Links Limited) in line with
previous announcements. The payments came from existing cash resources. There
are no further acquisition payments due in connection with any of the Group's
existing subsidiaries.

As at 31 December 2014 net assets stood at GBP 6,805,742 (at 31 December 2013:
GBP 6,282,881) including cash at bank of GBP 352,573.

Stephen King, CEO, said: "I am pleased that we have been able to continue with
the positive performance that I announced in our Interim Statement. Our
revenues are just 4% higher than they were at this stage last year, yet EBITDA
has surged by 38%. This performance has been helped considerably by a one-off
special project for a major client, as noted in the Interim Statement. That,
however, does not account for all of the profit increase. We have also
gradually improved our management controls and project delivery systems as part
of the process of bedding in our most recent acquisitions."

"As expected, December was fairly weak in terms of revenues as many clients
took the opportunity to enjoy an extended break. However, our teams at each
subsidiary are now working hard to ensure that the final quarter will help the
Group deliver a strong set of results for the full year."

-Ends-

For further information please contact:

PHSC plc
Stephen King                               01622 717700
Stephen.king@phsc.co.uk
www.phsc.plc.uk

Northland Capital Partners Limited
Edward Hutton/David Hignell 020 7382 1100

John Howes / Alice Lane

About PHSC

PHSC plc, through its trading subsidiaries Personnel Health & Safety
Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services
Ltd, QCS International Ltd, Inspection Services (UK) Ltd and Quality Leisure
Management Ltd provides a range of health, safety, hygiene, environmental and
quality systems consultancy and training services to organisations across the
UK. B to B Links Ltd offers innovative retail security solutions including
tagging, labelling and CCTV.

Copyright y 28 PR Newswire

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