PHSC flags decline in full-year revenue

(Sharecast News) - PHSC reported a decline in full-year revenue to approximately £3.22m for the year ended 31 March in an update on Tuesday, down from £3.78m in the prior year, with full-year EBITDA falling to around £70,000 from £0.51m. The AIM-traded consultancy and security services firm said the results remained unaudited and subject to change.

Despite the year-on-year decline, the company said it recorded a 5% increase in second-half revenue to £1.65m, compared to £1.57m in the first half.

EBITDA improved from £12,000 in the first half to £58,000 in the second, indicating signs of stabilisation heading into the new financial year.

At 1411 BST, shares in PHSC were flat at 16.5p.

Reporting by Josh White for Sharecast.com.