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Trading statements

Photo-Me Int'l sees FY pretax profit above GBP40m

26 February 2016 07:51

Photo-Me International said a better-than-expected performance in Japan, along with the rest of the business, has led directors to believe that FY reported pretax profits will be more than GBP40m.

Further to its trading update of 8th January 2016, Photo-Me confirmed trading in Japan during January remained strong, supported by the strong start of the "My Number" programme.

For Photo-Me as a whole, Q3 turnover (at reported rates) was 11% higher with profits increased by 90%, compared to the same period last year.

If the Japanese business continues its strong performance in the final quarter, the eventual outturn for the year is likely to be in excess of this updated projection.

Story provided by StockMarketWire.com

Related Company: PHTM

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