3rd Feb 2014 10:58
LONDON (Alliance News) - Consultancy services and health and safety provider PHSC PLC Monday reported an increase in both earnings and sales for the nine months ended December 31 2013, and said it remains confident in meeting full-year expectations.
"The board looks forward to a strong final quarter in line with the trend in recent years and is confident that its previous projection of EBITDA for the full year of between GBP700,000 and GBP750,000 remains attainable," said Chief Executive Officer Stephen King in a trading update.
PHSC reported group sales and other income of GBP5.7 million for the nine month period, compared with GBP3.9 million for the same period a year earlier.
The group said earnings before interest, tax, depreciation and amortisation was GBP475,378, compared with GBP362,800 the prior year, when adjusted for exceptional items.
"All of the additional revenues and earnings arise from our two most recent acquisitions, B to B Links Ltd and QCS International Ltd. The remaining health and safety-related businesses continue to face challenging market conditions, but taken together they still account for the majority of group income and profit," said King.
The group said, as expected, trading was noticeably lower over the Christmas and New Year
period, as many clients closed down for the holidays.
Shares in PHSC were trading 4.4% higher at 32.90 pence per share Monday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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