REG-PHSC Plc: Results of AGM and Trading Update

PHSCAnnouncement

28/09/2023 11:00

28 September 2023

 

PHSC PLC

("PHSC" or the "Company")

 

Results of AGM and Trading Update

 

PHSC (AIM: PHSC), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, is pleased to announce that the resolutions proposed at its
Annual General Meeting held earlier today, as set out in the formal Notice of
Annual General Meeting dated 10 August 2023, were all duly approved by
shareholders.

Trading Update

The Board notes that the Company's unaudited management accounts show revenues
for the five-month period to 31 August 2023 of approximately £1.35m, compared
with £1.4m for the same period last year. The cost of sales and general
overheads were marginally lower, despite the effects of salary increases
awarded in H2 of FY23. EBITDA for the five-month period to 31 August 2023 was
£139k, a modest reduction of £5k when compared with £144k for the same
period last year. This was caused by the lower revenues not being fully offset
by reduced costs and the pay increases referred to above. A more detailed
update will be given in the interim accounts for the half year, expected to be
published in late November 2023.

 

For further information please contact:

 

PHSC plc

Stephen King      Tel: 01622 717 700

Stephen.king@phsc.co.uk

www.phsc.plc.uk

 

Strand Hanson Limited (Nominated Adviser)  Tel: 020 7409 3494

James Bellman / Matthew Chandler

 

Novum Securities Limited (Broker)   Tel: 020 7399 9427

Colin Rowbury

 

 

About PHSC

 

PHSC, through its trading subsidiaries, Personnel Health & Safety Consultants
Ltd, RSA Environmental Health 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. In addition, B2BSG Solutions Ltd
offers innovative security solutions including tagging, labelling and CCTV.

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018 (as amended).



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