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Annual Results

Photo-Me Int'l boost profit after year of progress

27 June 2017 09:33

Photo-Me International has posted a 19.7% rise in FY pretax profit to £48.0m, from £40.1m, after what it said was a year of progress.

This was accompanied with a total dividend of 7.03p a share, up from 5.86p.

Revenue had improved to £214.7m, from £184.0m.

CEO Serge Crasnianski said 2017 was another year of progress, reflected in record profits and our fourth consecutive year of double-digit earnings growth.

"The expansion of our laundry business and the ongoing investment and deployment of our integrated identification technologies have remained a key focus and we have made excellent progress in these areas," he said.

"Looking ahead, the Group will remain focused on driving profitability from our existing estate and continue investing in new and complementary products to extend the suite of services available through our established instant service equipment network.

"In a context of general uncertainty, particularly in the UK, the Board anticipates another year of consistent underlying progress."

At 9:33am: (LON:PHTM) PhotoMe International PLC share price was -10.12p at 164.63p

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