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IN BRIEF: PHSC swings to annual loss on higher costs; shares drop

ALN

PHSC PLC - Kent, England-based company that provides health & safety consulting - For the year ended March 31, swings to a pretax loss of £577,186 from a profit of £189,988 the previous year. Company says this was mainly due to writing off goodwill totalling £793,000 relating to its Security division. Revenue climbs to £3.8 million from £3.3 million. Proposes final dividend of 0.5 pence per share, bringing the total dividend for the year to 1.0p, unchanged from a year prior. Notes continued cost increases moving forward, but says it is confident the firm will remain profitable and cash-generative throughout the year.

Current stock price: 21.00 pence, down 21% in London on Tuesday

12-month change: down 2.3%

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