StockMarketWire.com - 1PM has posted a 20% hike in FY pretax profit to £1.62m, from £1.35m. Revenues were up 31% to £5.5m, from £4.2m. It proposed a maiden final dividend for the year of 0.35p a share.

Non-executive Chairman Ian Smith commented:

"These strong financial results, building on five successive years of organic growth, have enabled the Board to recommend a maiden final dividend for the year of 0.35pence per share.

"The trading performance is all the more pleasing given that the year to 31 May 2015 was, as planned, a year of investment in resources across the Group to help maintain its continued growth.

"The business has delivered these strong financial results through a combination of factors, including its unwavering commitment to the SME sector at a time when other sources of finance for SME businesses remains difficult to secure, its adherence to rigorous underwriting and credit control processes, the loyalty of its growing network of over 150 finance brokers across the UK and not least the hard work and dedication of the Company's award-winning executive directors and the entire 1pm staff."





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