PHSC Regulatory News (PHSC)

PHSC PLC - Trading Statement

PR Newswire

London, January 31

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 to the market on itsperformance up to the end of the third quarter of its financial year.

Consolidated Group sales and EBITDA (per management accounts, unaudited) forthe nine months ended 31 December 2012 were as below:

Group sales and other income: GBP 3,856,440 (at Q3 2011/12: GBP 3,240,847).

EBITDA: GBP 332,800 after deduction of GBP 30,000 relating to one-off stampduty and acquisition legal fees. ( Q3 2011/12: GBP 226,711).

Net assets stood at GBP 5,488,564 (at Q3 2011/12: GBP 5,225,566).

Stephen King, CEO, said: "The benefits arising from our two acquisitionsearlier in the year are beginning to come through. The Group has increasedtotal revenues by over GBP 600,000 from the levels recorded at this stage in2011/12, and more importantly has seen an improvement in profits which for thefirst nine months stood at GBP 332,800 before depreciation, amortisation ofgoodwill and tax. Profits from trading activities, ie before deduction of stampduty and legal fees, at around GBP 362,000 are around 60% ahead of where wewere at the end of the third quarter in the previous financial year.

"As explained in my Interim Report statement, our new B to B Links subsidiaryhas invested in substantial stock ahead of a large CCTV installation contract.This work is now in progress. Coupled with payments related to the acquisitionof goodwill and assets of that company, and of QCS International Limited, ourcash reserves were largely utilised by the end of Q3. We have an agreedfacility with our bankers, HSBC, which will be more than sufficient to see uspast this predicted low er than usual cash position. Net proceeds of GBP 71,000have been received this month from the sale of our vacant property at Raundsand we had net cash balances of GBP 136,684 in the bank at the close ofbusiness last night.

"The board is encouraged by what has been achieved in the first nine months ofthe year. In our last annual report I explained that we were expecting fullyear revenues for 2012/13 to be marginally ahead of last year, and for profitsto see a small improvement. We are on track to exceed those expectations.

-Ends-

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