PHSC Plc AGM Statement
30 Settembre 2019 - 8:00AM
UK Regulatory
TIDMPHSC
30 September 2019
PHSC PLC
AGM Statement
PHSC plc ( "the Group"), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, is holding its Annual General Meeting at 10.00 a.m. today at
The Old Church, 31 Rochester Road, Aylesford, Kent ME20 7PR. At the meeting,
the Group Chief Executive, Stephen King, will make the following statement:
"Management accounts are now available for the five months to the end of August
2019. These figures, which are unaudited and subject to amendment, show total
Group revenues of GBP1.79 million and EBITDA of GBP126,700. At the same point in
the previous year, EBITDA of GBP107,400 had been generated from revenues of GBP2.4
million. The decrease in revenues is attributable to the reduced sales of
security systems and accessories to the retail sector by our B2BSG Solutions
subsidiary. The increase in earnings is a reflection of lower overheads within
the Group and premises-related savings, now that subsidiaries are consolidated
into four operational premises compared with the seven premises at this point
in 2018.
The cash position remains strong at GBP613,000 as at 27 September 2019. Last
year we reduced our banking facility with HSBC to GBP150,000 and this has
remained unused to date.
We expect to announce our unaudited interim results for the period to 30
September 2019 in early December 2019, together with detailed commentary on
individual subsidiary performances."
For further information please contact:
PHSC plc
Stephen
King
01622 717 700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Strand Hanson Limited (Nominated Adviser) 020 7409 3494
Richard Tulloch/Eric Allan
Novum Securities Limited (Broker) 020
7399 9427
Colin Rowbury
About PHSC
PHSC plc, through its trading subsidiaries Personnel Health & Safety
Consultants Ltd, RSA Environmental Health Ltd, QCS International Ltd,
Inspection Services (UK) Ltd and Quality Leisure Management Ltd, provides a
range of health, safety, hygiene, environmental and quality systems consultancy
and training services to organisations across the UK. B2BSG Systems Ltd offer
innovative security solutions including tagging, labelling and CCTV.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR").
END
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