Photo-Me International PLC
28 September 2005
PHOTO-ME INTERNATIONAL PLC
AGM Announcement
At the start of today's AGM of PMI, the FTSE 250 digital imaging company, the
Chairman, Vernon Sankey, will say the following:
'It is not our intention to give a detailed trading update this morning because
only four months of the year to 30 April 2006 have fully elapsed and these
include the holiday months of July and August and exclude the most important
months for PMI's Vending Division of September and October. What I can say is
that trading in the Vending Division is well ahead of last year. Whilst trading
in the Manufacturing Division is currently below last year's levels, the order
book is indicating a very strong second half. The trend towards an increasing
proportion of annual profits being generated in the second half looks set to
continue.
The Directors remain confident of making further progress in the current year
and will issue a more detailed trading update when there is more specific
information to give.'
Notes for Editors:
In the year to 30 April 2005, PMI increased its adjusted pre-tax profit by 62.0%
to £34.5m; in the half year to 31 October 2004, the increase was 22.0% to
£18.0m.
Enquiries:
Photo-Me International 01372-453 399
Vernon Sankey (Chairman)
Serge Crasnianski (CEO)
Bankside Consultants
Charles Ponsonby 020-7367 8851
mb: 07789-202 312
This information is provided by RNS
The company news service from the London Stock Exchange
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