Business
Final Results: A Record Financial Performance
Final Results: A Record Financial Performance.
About this update from Time Finance Plc
[{"type":"text","content":"\n \nRNS Number : 9035I 1PM PLC 09 July 2013 \n \n\n \n \n \n\nThe 'Final Results: A Record Financial Performance' announcement released on 9 July at 07.00 under RNS No 8614I has been reformatted.\n \nAll material details remain unchanged.\n \nThe full text is shown below.\n \n \n \n \nFor Immediate Release 9 July 2013\n1PM PLC\n(\"1pm\" or the \"Company\" or the \"Group\")\n \nFINAL RESULTS FOR THE YEAR ENDED 31 MAY 2013 \n \nStrong trading momentum maintained to produce another record financial performance\n \n1pm plc (AIM: OPM), the AIM listed independent provider of asset finance facilities to the SME sector, announces final results for the year ended 31 May 2013.\n \nCommenting on the results, Non-executive Chairman, Mike Johnson, said: \"Against a challenging UK economic backdrop, I am very pleased to report that 1pm has produced another set of record results, achieving its highest ever levels of revenues and profits. This is proof positive of the success of its business model, its growing reputation within the industry and the appetite amongst SMEs for equipment leasing from specialist independent providers\". \nFinancial Highlights:\n· Revenues up 34.5 per cent. to £3.1m (FY12: £2.31m)\n· Profit before tax up 77.8% to £775k (FY12: £436k)\n· EPS up 70 per cent to 0.0178p (FY12: 0.0104p) \n· Lease po...