Photo-Me International Plc Reported A Trading Update For Period 1 May 2019- 30 September 2019

  • Oct 28, 2019 GMT
  • Team Kalkine
  • During the reporting period, the company reported that the Group trading was in line with the market expectations, reflecting a continued growth in in Europe and Asia.
  • The growth was led by the Laundry segment of the company, even though the trading in the Identification division in the United Kingdom was tough.
  • This was because of the uncertainty around the Brexit negotiations, which led to a reduced customer activity during the period as well as the Government's decision to enable the customers for photos taken on a domestic camera to be used for passport photo identification.
  • On 28th October 2019, at the time of writing, GMT 10:19 AM, PHTM shares were trading at GBX 84.54, a decline of 5.33 per cent or GBX 4.76 per share as compared to the previous day’s closing price.

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