PHSC plc
8 February 2008
TRADING UPDATE
Trading performance
The directors are pleased to announce consolidated Group sales and pre-tax
profits (unaudited) for the nine months ended 31 December 2007.
Group sales and other income for the nine-month period totalled GBP 3,676,519,
representing a 10 per cent increase on the comparative period last year (GBP 3,336,484 to
the end of Q3 in 2006).
Pre-tax profits for the nine months to 31 December 2007 were GBP 555,108, which is
60 per cent above the comparative figure last year (GBP 384,043 to the end of Q3 in 2006).
Acquisition update
The proposed acquisition of Guardian Water Treatment Limited previously
announced will not proceed. The sellers have taken the view that market
conditions are presently unfavourable and their best interests will be served
by remaining as an independent entity. The board of PHSC plc are disappointed
by this decision, notified to it on 7 February 2008, and are continuing to seek
alternative opportunities.
Stephen King, managing director, commented "Whilst we were keen to proceed with
this acquisition we had spent little on due diligence as we always carry out as
much as possible in-house with little or no disruption to our core business. It
is important to note that we receive many acquisition opportunities and we look
forward to reporting on any developments in due course. I am pleased with the
performance of the Group over the first three quarters."
PHSC plc
Stephen King 01622 717700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Ruegg & Co Limited
Gavin Burnell 020 7584 3663
gburnell@ruegg.co.uk
Hichens, Harrison & Co plc
Daniel Briggs 020 782 7776
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.