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Photo-Me - Kiosk production accelerating sharply

August 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PHTM
Even after three broker upgrades since last July Photo-Me still beatexpectations for the year ended 30 April 2004, with pretax profit of £21.3m on turnover up 17% to £220m, while earnings were 4p.   Theturnaround from last year's loss was mainly down to the manufacturing division, which makes photo processing machines for photographic shops.  Turnover increased 109% to £78.6m, with broker, Evolution, estimating an operating profit contribution of £9m, thanks to a doubling of production of DKS digital minilabs to 1,300.   As digital camera usage is still growing exponentially demand for Photo-Me's photo processing machines remains strong and with manufacturing capacity boosted (and running costs reduced) ...

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