- PHSC, a provider of health and environmental consultancy services reports that Consolidated Group sales for the year to end of March 2012 were approximately 9% lower than the previous year, at GBP 4,434,000.

EBITDA was approximately 18% higher than the previous year, at GBP 448,995.

Net assets increased to approximately GBP 5.3m, including cash of GBP 902,583. This is an improvement in the Company's cash position of approximately 20% compared to the prior year end.

This is after the Company paid a 2pence per share final dividend (1pence ordinary and 1pence special) to shareholders during the year amounting to GBP 216,395 and made a final payment of GBP 100,000 in relation to an historical acquisition during the year to 31 March 2012.

Stephen King, CEO, said: "I am pleased that the Group profit has exceeded management forecasts, despite the reduction in revenues. Bank balances have increased, despite a healthy dividend and payment of circa GBP 100,000 in the last quarter for the final sum due under the terms for the acquisition of Quality Leisure Management Limited."

At 8:47am: [LON:PHSC] share price was 0p at 19.5p

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