7th Jun 2019 10:25
LONDON (Alliance News) - Consultancy services provider PHSC PLC on Friday said it expects annual earnings to increase significantly despite a drop in revenue.
For the year ended March 31, the company expects earnings before interest, taxes, depreciation and amortisation to come in at GBP318,950, up from GBP92,500 a year ago.
Revenue for the year is expected to fall to GBP5.2 million from GBP7.0 million, due to a "significant decline" in the sale of security solutions to retail clients, the company explained.
PHSC shares were untraded at 9.55 pence each on Friday.
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