StockMarketWire.com - Health & Safety consultancy PHSC said group turnover for the half-year to end-September was £2.386m, up 8% compared with £2.208m for the prior year period.

EBITDA was £106,300, compared with £210,900 for the same period last year.

Basic earnings per share at the interim stage were 0.61p compared with 1.08p achieved in the corresponding period last year.

Net cash used by operating activities was £26,000 (£297,000 generated in the same period last year).

Overall cash and cash equivalents stood at £587,000 at the end of the period compared with £710,000 at the year ended 31st March 2010. £93,400 is accounted for by dividend payments.

PHSC said it had made significant recent contract wins, notably for asbestos management services.

Net asset value (unaudited) was £5.097m or 49p per share compared to a current share price (mid) of 17p.



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