- PHSC reports that consolidated Group sales (and other income) for the period 1 April to 31 July 2012 were GBP1,345,000 (the same as for the comparative period last year) with EBITDA of GBP48,000 (2011: GBP12,000).

CEO Stephen King, commenting on Group performance, said: "In reviewing the progress made within the Group for the year to date, it can be seen that whilst sales are approximately the same as for the corresponding period last year, EBITDA is higher. This can largely be attributed to better management of our year-end order book.

"Historically we have seen Group profits become stronger as the year progresses, and we believe this pattern will be repeated in 2012/13. Given our recent acquisition of QCS and our proposed acquisition of B2B, which will diversify our operations substantially, we look forward to reporting further progress to the market."

At 10:00am: [LON:PHSC] share price was 0p at 24p

Story provided by