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PHSC

  • BY: Andrew Hore |
  • POSTED: 21/08/2009 |

PHSC says that its revenues and profits have fallen in the first four months of this financial period.

The shares fell 2p to 18.5p each, which values the health and environmental services company at £1.96m.

Revenues declined from £1.65m to £1.47m in the four months to July 2009, while pre-tax profits have fallen from £165,000 to £107,000.

Chief executive Stephen King says that services not directly linked to regulatory compliance are finding it hardest to maintain margins. Costs are being cut where appropriate. PHSC has won a £135,000 contract to provide asbestos surveys for Lewisham Homes.

PHSC has changed its broker to Astaire from Religare Hichens Harrison. Astaire have bought PHSC’s nominated adviser Ruegg.

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