PHSC PLC said on Tuesday its interim pretax profit narrowly fell while it declared an unchanged interim dividend to its shareholders.
The Kent-based health, safety, hygiene and environmental consultancy services provider said its interim pretax profit in the six months that ended September 30 was £132,000, down 0.8% from £133,000 a year ago.
Its interim revenue also fell by 2.3% to £1.68 million from £1.72 million, but PHSC said it expects to remain cash generative.
PHSC declared an interim dividend of 0.5 pence to be paid on January 13, 2023, unchanged from a year ago. It said it had sufficient cash reserves to enable the dividend payment, declaring £691,000 in cash reserves, down 23% from £902,000.
It added all of its subsidiaries were impacted by rising costs across many areas of the group’s business, particularly noting travel and accommodation charges.
Shares in PHSC were down 11% to 16.02 pence in London on Tuesday afternoon.
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