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Ipm expect to beat market expectations

By BFN News | 12:33 PM | Thursday 12 June, 2014


1pm plc (AIM: OPM), the independent provider of finance facilities to the SME sector, has reported that it has enjoyed a fourth consecutive year of organic growth and expects to report results for the year ended 31 May 2014 which are slightly ahead of current market expectations. Demand for finance from SMEs remains strong and the lease and loan portfolios have continued to grow. At 31 May 2014, the total Portfolio stood at £20.4m, a 38% increase over last year (FY13: £14.8m). Maria Hampton, CEO, commented: "The company has continued to make excellent progress and we are very pleased with the trading performance achieved over the past 12 months. The general improvement in business sentiment as the UK economy shows signs of recovery presents 1pm with an excellent opportunity to achieve sustained growth." At 12:33pm: (LON:OPM) 1pm PLC share price was +2.5p at 85.5p Story provided by StockMarketWire.com

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