PHSC FY Pretax Profit GBP500,000 Vs GBP472,000

14th Jul 2010 14:03

LONDON (Dow Jones)--PHSC PLC (PHSC.LN), a health, safety, asbestos, hygiene and environmental consultancy company, announced Wednesday it made a 6% rise in its pretax profit to GBP500,000 for the year ended March 31, compared with GBP472,000. MAIN FACTS: -Group revenues at GBP4.922 million (2009: GBP5.022 million) -Net cash reserves of GBP710,000 -Net reduction of 694,000 ordinary shares in issue -Net Group assets rise to GBP5.13 million (2009: GBP5.00 million) -Earnings per share: 3.21 pence (2009: 2.89 pence) -Proposed final dividend of 0.90 pence per ordinary share (2009: 0.85 pence) -One subsidiary acquired, two others to merge into single unit -With substantial cash reserves and no debt, the company is not reliant upon external funding and have more than enough resources to meet its foreseeable obligations. -However, it doesn't underestimate the challenges ahead. -Shares at 1302 GMT stood at 17.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 14, 2010 09:03 ET (13:03 GMT)