29th Jan 2015 09:07
LONDON (Alliance News) - PHSC PLC on Thursday reported a jump in earnings for the first nine months of its financial year, outpacing a slight uptick in revenue.
The health, safety, hygiene and environmental consultancy said its earnings before interest, taxation, depreciation and amortisation in the first nine months to the end of December was up to GBP656,704 from GBP475,378 a year earlier.
The 38% rise in its EBITDA for the period came despite sales rising by just 4% to GBP5.9 million from GBP5.7 million. The group said the results were boosted by a one-off project for an unnamed major client.
"As expected, December was fairly weak in terms of revenues as many clients took the opportunity to enjoy an extended break. However, our teams at each subsidiary are now working hard to ensure that the final quarter will help the group deliver a strong set of results for the full year," said Stephen King, PHSC's Chief Executive.
PHSC shares were up 7.1% to 30.00 pence on Thursday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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