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1PM

  • BY: Andrew Hore |
  • POSTED: 07/10/2011 |

Finance provider 1PM says that pre-tax profit has jumped from £12,000 to £97,000 in the first quarter of the current financial year.

Revenues grew from £397,000 to £567,000 in the quarter to August 2011. The company focuses on providing leasing finance for equipment used by small businesses.

The lease portfolio has grown from £10.1m to £10.6m in the three months to the end of August 2011 and management believes that it can grow it further if it can get the right support.

At 0.085p a share, 1PM is valued at £2.79m.

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