Photo-Me International PLC
07 March 2008
PHOTO-ME INTERNATIONAL PLC
Trading Statement
Photo-Me (PHTM.L), the digital imaging company, announces that, at the end of
the third quarter, unaudited revenue and pre-tax profit were behind the Board's
expectations.
Having reassessed the outcome for the year to 30 April 2008, the Board now
believes that the Group is unlikely to make a pre-tax profit (before exceptional
charges) in the year. The shortfall relative to market expectations for the full
year can principally be attributed to reduced expected revenues and associated
profit across the business.
The Board has decided not to resume its share buy-back programme pending
determination of the Group's future operational strategy, which is being
formulated by Thierry Barel, who was appointed Group Chief Executive in December
2007. The Board intends to announce this strategy during the summer and, as part
of it, the Company's future dividend policy.
Enquiries:
Photo-Me International 07789-202 312
David Young (Chairman)
Thierry Barel (Group CEO)
Simon Poulton (Interim Group CFO)
Bankside Consultants
Charles Ponsonby 07789-202 312
This information is provided by RNS
The company news service from the London Stock Exchange
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