StockMarketWire.com - Health and safety consultancy PHSC says its revenue is down for the first four months at £1.47m from £1.65m last year. Pre-tax profits have fallen to £106,628 from £164,512.

CEO Stephen King said the effects of the weak economy had hampered PHSC's ability to maintain margins. 'Sales of services not directly linked to regulatory compliance issues are hardest hit.

'However, some areas of business continue to prosper, as evidenced by a contract just won from Lewisham Homes and placed with our Adamson's Laboratory Services subsidiary.

'The work involves asbestos surveys in council-managed housing stock and the majority of the £135,000 order value will crystallise in the current financial year.'


Story provided by Business Financial Newswire