Published on 21 Jun 2016
Gabriel Pirona, chief financial officer at Photo-Me International plc (LON:PHTM), says “shareholders will be very happy” with the company’s results, as the photo booths operator declared a £10.6mln special dividend as well as a 20% hike in the annual payout.
Final results revealed Photo-Me’s cash balances grew to £62.4mln from £60.7mln, while financially, underlying profits rose 14.6% at constant currencies (generated from revenues of £184mln) as the underling operating margin increased almost 10% to 30.8%.
“We are pretty resilient on the market and we get really good results,” he says, adding that the company has increased its offering by going more “down the technology path.”
It also continues to roll out Revolution, the laundry system, and Pirona says he is “very excited about the progress” the company will make this year in this division.
Photography tips from Photo-Me! https://t.co/siHiYSm9r1— Photo-Me UK (@Photo_Me_UK) May 31, 2016