PHSC Regulatory News (PHSC)

PHSC PLC - Trading Statement

PR Newswire

London, May 14

PHSC plc ("the Company"), a leading provider of health, safety, hygiene andenvironmental consultancy services and security solutions to the public andprivate sectors, is pleased to announce an update on its performance for thefinancial year ended 31 March 2013.

These indicative figures are per management accounts, currently unaudited.

Consolidated Group revenue for the period was around GBP 5.8m representing anincrease of approximately 30% over those achieved during the previous year (GBP4.4m).

EBITDA was approximately 35% higher than the previous year, at GBP 0.6mcompared with GBP 0.44m last year.

Net assets rose to approximately GBP 5.6m, including cash of GBP 216,000.

Stephen King, CEO, said: "The improvement in revenues and profitability hascome about as a direct consequence of the Company's decision to diversify awayfrom its core activities. This has enabled us to exceed the forecasts that weset ourselves at the start of the year. Our two acquisitions (QCS InternationalLimited and B to B Links Limited) have both made positive contributions. Bankbalances have decreased due to acquisition payments, and cash is around GBP700,000 lower than at the end of 2011/12. Further instalments of almost GBP450,000 in total fall due during Q2 and Q3 of 2013/14. Given current tradingand the resulting positive forecasts for our cash flow we anticipate that theanniversary payments will be met from the Company's cash resources, rather thanfrom our bank financing facility.

"The Company's trading subsidiaries are reasonably confident that they cancontinue to deliver satisfactory results. More details about how individualsubsidiaries have performed will be outlined in the Preliminary Announcement ofResults, expected in the first half of July 2013."

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