PHSC Share News (PHSC)

LONDON (Alliance News) - PHSC PLC on Thursday said it expects a stronger second half, as it reported a fall in pretax profit for its first half.

PHSC provides health, safety, hygiene and environmental consultancy services, as well as security services, through its subsidiaries.

For the half year to end-September the company reported a pretax profit of GBP205,000, down from GBP422,000 a year before, as revenue declined to GBP3.4 million from GBP4.1 million.

The company said that, as it has previously indicated, the conclusion of two large contracts led to a hiatus in its order book that it has been seeking to address. Most significantly affected was the order book of its B to B Links Ltd business.

PHSC did not proposed an interim dividend, but said it intends to recommend an appropriate final dividend in line with its policy of at least maintaining its level of dividend.

PHSC said that it traditionally performs better in its second half, and based on its current order book, it expects further progress from its existing subsidiaries in its third and fourth quarters, giving it a stronger second half of the year.

Shares in PHSC were untraded Thursday morning at 24.50 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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