14th Aug 2018 11:17
LONDON (Alliance News) - Environmental consulting services provider PHSC PLC said Tuesday it expects to see an improvement for the current financial year after narrowing its annual loss.
For the financial year to March 31, the company posted a pretax loss of GBP145,861 compared to GBP720,693 the year before, as the company reduced its goodwill impairment costs to GBP200,000 from GBP625,191.
Meanwhile, revenue dipped to GBP7.0 million from GBP7.2 million year-on-year.
PHSC declared a final dividend of 0.5 pence per share, giving a total dividend for the year of 1p per share. The year before, PHSC did not pay a dividend.
Despite issues experienced after the Brexit referendum which squeezed the company's margin due to the weakness of the sterling, PHSC said that it expects to see an improvement in the current year.
Shares in the company were untraded at 9.98p each on Tuesday.
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