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IN BRIEF: PHSC plans share buyback as underlying earnings set to rise

Thu, 13th May 2021 20:14

PHSC PLC - Aylesford, Kent-based company that provides health & safety consulting - Says it expects revenue of GBP3.3 million for year to March 31, down from GBP4.4 million the year before, but underlying earnings before interest, taxes, depreciation and amortisation expected to rise to GBP520,000 from GBP255,000. Starts share buyback programme worth GBP325,000, up to a maximum of 2.2 million shares. The buyback programme forms part of the company's broader strategy to deliver shareholder value, it adds.

Current stock price: 17 pence, up 21%

Year-to-date change: up 21%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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