News blog

PHSC

  • BY: Andrew Hore |
  • POSTED: 30/11/2011 |

Health, safety and environmental services provider PHSC reported lower interim revenues but a small improvement in profit.

Revenues fell from £2.39m to £2.14m in the six months to September 2011. All of the divisions reported lower or flat revenues. Pre-tax profit improved from £81,000 to £96,000.
The main improvement in profit was due to a higher contributions from Quality Leisure Management, which provides services to the sport and leisure sectors, and Adamsonís Laboratory Services.

Strong cash generation meant that PHSC had £805,000 in the bank at the end of September 2011. PHSC says that it will also consider another special dividend in the future. Last yearís special dividend of 1p a share took total dividends to 2p a share. PHSC announces its dividend with the full year results. The outcome is likely to be similar to last year when revenues were £4.81m and profit was £328,000.

New work is being won on lower margins. The normal trading pattern where the second half is stronger than the first half is likely to continue this year.

At 16.5p a share, PHSC is valued at £1.71m. That compares with a book value of the company of 49p a share. Even if goodwill is excluded, the NAV of PHSC is £1.82m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds