Shares of PHSC (AIM:PHSC) PLC, a provider of health, safety, hygiene and environmental consultancy services and security solutions, surged 17% in the first hour of trading.
The spike was driven by the company's return to profitability and a 50% increase in its annual dividend.
For the year ended 31 March 2023, PHSC (AIM:PHSC) reported a profit after tax of £0.243 million, rebounding from a loss of £0.631 million in the previous year.
Additionally, the firm proposed a final dividend of 1.0p, taking the total for the year to 1.5p.
At 9.10 am, the shares were up 2.5p at 17p.