Annual Financial Report

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[{"type":"text","content":"\n \n19 August 2019\n\nPHSC PLC(the“Company” or the “Group”)\n\nFinal Results for the year ended 31 March 2019 and Notice of Annual General Meeting\n\nFinancial Highlights\n\n•               EBITDA* of £0.116m excluding exceptional gain on property sale of ££0.17m, down from £0.14m last year\n\n•               Profit after tax of £0.001m compared with a loss of £0.16m last year\n\n•               Group revenue of £5.2m compared with £7.0m last year\n\n•               Cash reserves of £0.64m at year end compared to £0.24m last year\n\n•               Write-down of £0.20m due to impaired goodwill, the same as last year\n\n•               Group net assets at £5.14m after goodwill impairment compared to £5.29m last year\n\n•               Profit per share of 0.005p compared to a loss per share of 1.095p last year\n\n•               Final dividend of 0.5p proposed, making a total of 1.0p for the year, matching the 1.0p paid last year1\n\n\n\n\n\n31.3.19\n\n31.3.18\n\n\n\n\n\n£\n\n£\n\n\n\nProfit/(loss) before tax\n\n42,494\n\n(145,861)\n\n\n\nLess: interest received\n\n(303)\n\n(3)\n\n\n\nAdd: interest paid\n\n1,514\n\n3,778\n\n\n\nAdd: depreciation\n\n38,179\n\n34,590\n\n\n\nAdd: impairment B2BSG Solutions Limited goodwill\n\n200,000\n\n200,000\n\n\n\nLess: net gain on sale of property\n\n(166,270)\n\n-\n\n\n\nAdd: redundancy costs re closure of Adamson’s Laboratory Services Limited\n\n\n\n47,000\n\n\n\nUnderlying EBITDA*\n\n115,614\n\n139,504\n\n\n\n*Underlying EBITDA is calculated as earnings before interest, tax, depreciation, impairment charges and non-recurring costs.  This is used by the board as a measure of underlying trading and has been provided to assist shareholders in understanding the Group’s trading activities.\n\nOperati...

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