PHSC posts rise in full-year revenue, earnings

2nd Aug 2024 11:32

(Sharecast News) - Health, safety, hygiene, and environmental consultancy PHSC reported a full-year EBITDA of £0.51m in its final results on Friday - an improvement from £0.366m in the prior year.

The AIM-traded firm said its statutory profit after tax slightly increased to £0.249m, from £0.243m the year before.

Group sales revenue rose to £3.778m, compared to £3.438m in the prior year.

Despite the gains, the group's net assets declined to £3.275m following share buybacks, down from £3.638m.

Statutory earnings per share also saw a modest increase to 2.19p, up from 2.05p in the previous year.

Cash reserves at year-end stood at £0.488m, down from £0.75m, again reflecting the impact of share buybacks.

The company has proposed a final dividend of 1.25p, bringing the total dividend for the year to 2p, an increase from 1.5p last year.

"For the first time since 2015, the group is able to report unadjusted EBITDA in excess of £0.5m and our highest statutory profit over that nine-year period," said group chief executive officer Stephen King.

"This reflects a generally satisfactory performance across all subsidiaries, with some business streams naturally faring better than others in the current environment."

At 0906 BST, shares in PHSC were up 8.82% at 27.75p.

Reporting by Josh White for Sharecast.com.