PHSC (PHSC)

Sector:

Support

Index:

FTSE AIM All-Share

 19.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 24.00
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 13.41m
  • Volume: 4,658
  • Market Cap: £2.55m
  • RiskGrade: 137
  • Beta: 0.45

Revenue down but earnings grow at PHSC

By Josh White

Date: Thursday 13 May 2021

LONDON (ShareCast) - (Sharecast News) - Health, safety, hygiene and environmental consulting company PHSC said on Thursday that unaudited management accounts for the year ended 31 March showed consolidated group revenue of £3.29m, down from £4.44m year-on-year.
The AIM-traded firm said underlying EBITDA totalled £0.52m for the year, rising from £0.26m year-on-year, and at year-end, its unaudited net asset value per share was about 35.42p.

Revenues for the second half came in at £1.92m, representing an improvement on first half revenues which were £1.38m as the group adapted to changes in the economic environment caused by Covid-19.

Similarly, it said there was an improvement in EBITDA to around £0.34m in the second half from £0.18m in the first.

The group said it was "heavily reliant" on the Coronavirus Job Retention Scheme in the first half, but less so in the second, with income under that scheme along with grant funding totalling £0.44m for the year.

"The group's health and safety division saw increased activity over the financial year in certain operational segments, such as risk assessment, but was unable to service many clients in the leisure and education sectors due to the requirement for their premises to close or to operate at a reduced capacity as a result of Covid-19 restrictions," the board said in its statement.

"Our management systems subsidiary remained profitable despite reduced revenues.

"The security division, which is primarily a supplier to the retail sector, continued to suffer as a consequence of lockdown and the closure of non-essential retail, however, with grant funding and the Coronavirus Job Retention Scheme contribution, it was able to operate at breakeven."

There were also certain corporate failures of clients including Debenhams and Edinburgh Woollen Mill, which resulted in the write-off of certain amounts due to the group.

Current bank balances as at 12 May stood at £1.2m, PHSC said, providing the group with a "strong" cash position.

PHSC said it was expecting to announce its final results for the year ended 31 March by the end of August.

"The group will continue to keep all Covid-19-related measures under review, prioritising the safety of all of its stakeholders and will provide any further updates as appropriate."

At 1151 BST, shares in PHSC were up 27.71% at 17.88p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHSC Market Data

Currency UK Pounds
Share Price 19.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 24.00
52 Week Low 12.50
Volume 4,658
Shares Issued 13.41m
Market Cap £2.55m
Beta 0.45
RiskGrade 137

PHSC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.11% above the market average32.11% above the market average32.11% above the market average32.11% above the market average32.11% above the market average
8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average
Price Trend
40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average
20.35% above the sector average20.35% above the sector average20.35% above the sector average20.35% above the sector average20.35% above the sector average
Income Not Available
Growth
80.55% below the market average80.55% below the market average80.55% below the market average80.55% below the market average80.55% below the market average
81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average

PHSC Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Dec-21 30-Sep-21
Paid 21-Jan-22 15-Oct-21
Amount 0.50p 0.50p

Trades for 07-Dec-2021

Time Volume / Share Price
12:58 4,658 @ 19.15p

PHSC Key Personnel

CEO Stephen A King

Top of Page