11 September
2017
PHSC PLC
AGM Statement
PHSC plc (“the Group”), a leading provider of health, safety,
hygiene and environmental consultancy services and security
solutions to the public and private sectors, is holding its Annual
General Meeting at 10.00am today at
The Old Church, 31 Rochester Road, Aylesford, Kent ME20 7PR.
At the meeting, the Group Chief Executive, Stephen King, will make the following
statement:-
“I am pleased to report that the Group’s performance for the
first four months of the year to the end of July 2017 has been in line with the Board’s
expectations at the time we released our results for the year ended
31 March 2017. In the statement accompanying those results,
we advised that for the first quarter of 2017-18 the Group had
total revenues of £1.82m and EBITDA of around £120k. This can
now be updated to cover the four months to the end of July 2017, where the Group’s management accounts
(unaudited) show revenues of £2.43m and EBITDA of £134k (before
exceptional costs). This compares very favourably with an EBITDA
loss of £94k on revenues of £2.3m at the same stage last year. The
exceptional costs comprised redundancy payments in July of around
£9k at our Adamson’s Laboratory Services subsidiary.
We expect to announce our interim results for the period to
30 September 2017 in early
December 2017, together with detailed
commentary on individual subsidiary performances.”
For further information please contact:
PHSC plc
Stephen King
Stephen.king@phsc.co.uk
www.phsc.plc.uk
|
01622 717700 |
Northland Capital Partners
Limited (Nominated Adviser)
Edward Hutton/David Hignell |
0203 861 6625 |
Beaufort Securities Limited
(Broker)
Elliot Hance |
020 7382 8300 |
About PHSC
PHSC plc, through its trading subsidiaries Personnel Health
& Safety Consultants Ltd, RSA Environmental Health Ltd,
Adamson's Laboratory Services Ltd, QCS International Ltd,
Inspection Services (UK) Ltd and Quality Leisure Management Ltd,
provides a range of health, safety, hygiene, environmental and
quality systems consultancy and training services to organisations
across the UK. B to B Links Ltd and SG Systems (UK) Ltd offer
innovative retail security solutions including tagging, labelling
and CCTV.