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7 Oct 2011 07:00
1PM PLC
(AIM: OPM)
AGM Statement
1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, is holding its Annual General Meeting ("AGM") at The Francis Hotel, Queens Square, Bath BA1 2HH at 10.30am today.
At the AGM Maria Hampton, Managing Director, will give a presentation which will contain the following update on trading:
"It has been a pleasing start to the trading year. In the quarter to 31 August 2011 the business has generated revenue of £567k (Q1'10: £397k). Profit before tax is also ahead of the equivalent period at £97k (Q1'10: £12k). We continue to write levels of new business that grow the lease portfolio which as at 31 August 2011 was £10.6m (31 May 2011: £10.1m).
Looking ahead, management is confident that with the right support it can grow the lease portfolio further."
A copy of the presentation will be available to view on the Company's website, www.1pm.co.uk.
Contacts:
1pm plc | www.1pm.co.uk |
Mike Johnson, Chairman | 0844 967 0944 |
Maria Hampton, Managing Director | 0844 967 0944 |
WH Ireland (Nomad and Broker) | www.wh-ireland.co.uk |
Mike Coe / Marc Davies | 0117 945 3470 |
Walbrook PR Ltd | 020 7933 8780 |
Paul McManus | paul.mcmanus@walbrookpr.com or 07980 541 893 |
Paul Cornelius | paul.cornelius@walbrookir.com or 07866 384 707 |
About 1pm plc
1pm plc is an established small ticket leasing company focused on providing SMEs with an accessible funding pool. Customers must have clear credit histories and an ability to pay their commitments. Assets leased are business critical. 1pm typically lends between £1,000 - £30,000 for between 12 and 60 months.
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