Photo-Me surges 95% after shake-up

PHOTO booth firm Photo-Me International reaped the reward of recent restructuring as pre-tax profits increased almost 95 per cent to £18 million in the year to 30 April, despite a 1.2 per cent dip in turnover to £219.8m.

The firm said it had been boosted by a strong performance in its key markets including the UK. A final dividend of 1p was declared, giving a total payment for the year of 2p, up 60 per cent.