- PHSC said its two new subsidiaries (B2B and QCS) had made a substantial contribution to sales, which are up £1 million compared with the corresponding period last year.

"The extra sales have flowed through to generate EBITDA of GBP177,000 being more than three times that which had been achieved at the same stage last year," said CEO Stephen King.

"This substantial growth has however reduced our cash reserves which, as always, we continue to monitor carefully," he said, remaining confident of PHSC's prospects for the rest of the financial year.

At 8:00am: [LON:PHSC] share price was +1p at 30.5p

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