PHTM.L Regulatory News (PHTM)

7 Mar 2008 15:25

Photo-Me International PLC07 March 2008 PHOTO-ME INTERNATIONAL PLC Trading Statement Photo-Me (PHTM.L), the digital imaging company, announces that, at the end ofthe third quarter, unaudited revenue and pre-tax profit were behind the Board'sexpectations. Having reassessed the outcome for the year to 30 April 2008, the Board nowbelieves that the Group is unlikely to make a pre-tax profit (before exceptionalcharges) in the year. The shortfall relative to market expectations for the fullyear can principally be attributed to reduced expected revenues and associatedprofit across the business. The Board has decided not to resume its share buy-back programme pendingdetermination of the Group's future operational strategy, which is beingformulated by Thierry Barel, who was appointed Group Chief Executive in December2007. The Board intends to announce this strategy during the summer and, as partof it, the Company's future dividend policy. Enquiries: Photo-Me International 07789-202 312David Young (Chairman)Thierry Barel (Group CEO)Simon Poulton (Interim Group CFO) Bankside ConsultantsCharles Ponsonby 07789-202 312 This information is provided by RNS The company news service from the London Stock Exchange