PHSC plc (“the Company”), the provider of health, safety and environmental services to corporate and public sector clients, makes the following announcement ahead of its AGM which is to take place on 13th September at 10.00am:
The directors of PHSC are pleased to announce that group revenues for the four months to 31 July 2007 are up 16% compared to the same period of last year at £1,668,413 (£1,441,231).
This has flowed through to enable the group to produce a pre-tax profit for the four months to 31 July 2007 of £254,906 (prior to amortisation of goodwill). This compares to £145,027 for the same period of last year and is an improvement of 76%.
In announcing the latest figures, Stephen King, managing director of PHSC, said: “The board is delighted with trading performance in the year to date. Our decision to dispose of a loss-making subsidiary toward the end of the last financial year has had a positive impact on profits, but the majority of the increase arises from improvement in revenues and margins elsewhere in the Group. The proposed addition of In House The Hygiene Management Company Limited, announced last week, will serve to further enhance profitability in the second half of this year.”
For further information please contact:
Ruegg & Co Limited
Gavin Burnell 020 7584 3663
Hichens, Harrison & Co plc
Daniel Briggs 020 782 7776