Trading Statement
11/05/2012 07:00
11 May 2012
PHSC PLC
Trading Update
PHSC plc ("the Company"), a leading provider of health, safety, hygiene and
environmental consultancy services to the public and private sectors, is
pleased to announce an update on its performance for the financial year ended
31 March 2012.
All figures are per management accounts that are currently unaudited.
Consolidated Group sales for the period were approximately 9% lower than the
previous year, at GBP 4,434,000.
EBITDA was approximately 18% higher than the previous year, at GBP 448,995.
Net assets increased to approximately GBP 5.3m, including cash of GBP 902,583.
This is an improvement in the Company's cash position of approximately 20%
compared to the prior year end. This is after the Company paid a 2pence per
share final dividend (1pence ordinary and 1pence special) to shareholders
during the year amounting to GBP 216,395 and made a final payment of GBP
100,000 in relation to an historical acquisition during the year to 31 March
2012.
Stephen King, CEO, said: "I am pleased that the Group profit has exceeded
management forecasts, despite the reduction in revenues. Bank balances have
increased, despite a healthy dividend and payment of circa GBP 100,000 in the
last quarter for the final sum due under the terms for the acquisition of
Quality Leisure Management Limited."
"Our order book remains buoyant and we are optimistic that we can deliver a
positive start to this financial year."
"We are evaluating a small number of potential earnings-enhancing acquisitions
and are hopeful that there will be progress to report on at least one of these
in the current quarter."
A more comprehensive statement will be included within the Preliminary
Announcement of Results, expected at the end of June 2012.
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)
Gavin Burnell / Rod Venables 020 7796 8800
Alice Lane (Broking)
END