23rd Oct 2014 10:41
LONDON (Alliance News) - Photo-Me International PLC on Thursday said its trading in the first five months of the year has been strong on a constant currency basis, with pretax profit ahead year-on-year, and said it remains confident of meeting full-year expectations.
In a statement ahead of its annual general meeting, the "instant service" company said its photo booth business is performing well, with growth in all major geographic areas and a particularly strong showing in Japan. It said it is making progress on the rollout of its laundry units and said the total deployed has now reached 700 units, primarily in France. It said the financial performance of the laundry business has been strong, and the outlook looks positive.
Photo-Me said revenue in the first five months of the year has been strong on a constant currency basis and said pretax profit also has improved, affirming its expectations that it will meet its full-year forecasts.
Photo-Me shares were up on the back of the news, up 4.2% to 123.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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