- PHSC reveals that consolidated Group sales for the period were £4,434,300, which represents a decline of around 8 per cent. from the previous year's £4,813,800.

Despite these lower revenues the company delivered, through cost reductions and improved controls, an 18 per cent. increase in Earnings Before Interest, Taxation,Depreciation and Amortisation (EBITDA).

The final figure of £445,500 EBITDA considerably improves on the £378,400 generated in the previous year.

Basic earnings per share rose to 2.91p from 2.33p and the board proposed a final dividend of 2.00p comprising of ordinary dividend of 1.00p and a special dividend of 1.00p per share, as last year

As has always been the case, most of the Group's profit crystalises in the second half of the year. This is caused by higher customer demand in the last part of the fiscal year.

At 8:07am: [LON:PHSC] share price was 0p at 21.5p

Story provided by