StockMarketWire.com - 1pm, the specialist provider of lease asset finance to the SME sector, is pleased by the start it has made to the trading year.

Maria Hampton, Managing Director, told shareholders at the AGM: "In the quarter to 31 August 2011 the business has generated revenue of £567k (Q1'10: £397k).

"Profit before tax is also ahead of the equivalent period at £97k (Q1'10: £12k). We continue to write levels of new business that grow the lease portfolio which as at 31 August 2011 was £10.6m (31 May 2011: £10.1m).

"Looking ahead, management is confident that with the right support it can grow the lease portfolio further."


At 10:11am: [LON:OPM] share price was 0p at 0.09p



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