1pm’s trading update stated it achieved record interim revenues of £13.8m (+73%) and adj PBT of £3.5m (+75%) in H1/18E. This material YoY growth has been derived both organically via the three original brands and more significantly, the consolidation of the four acquired businesses in 2017. We see this update as a clear signalling that 1pm is on track to double in size between FY16A and FY18E.
12 Dec 2017
70%+ revenue and profit growth
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70%+ revenue and profit growth
Time Finance plc (TIME:LON) | 38.7 0 0.0% | Mkt Cap: 35.8m
- Published:
12 Dec 2017 -
Author:
Cavendish Research -
Pages:
6
1pm’s trading update stated it achieved record interim revenues of £13.8m (+73%) and adj PBT of £3.5m (+75%) in H1/18E. This material YoY growth has been derived both organically via the three original brands and more significantly, the consolidation of the four acquired businesses in 2017. We see this update as a clear signalling that 1pm is on track to double in size between FY16A and FY18E.