- Finance provider to small businesses 1pm said it expected to post a large boost in annual revenue, while increasing earnings per share.

Revenue for the year through March was expected to jump by more than 75% to £30.0m.

Basic earnings per share would increase 'by more than 20% notwithstanding the increase in shares in issue in June 2017 to fund acquisitions', the company said.

'The preliminary results for the year ended 31 May 2018 mark the successful culmination and implementation of the buy-and-build strategy pursued over the past three years, the strength of our operating model of being both a funder and a broker and our cautious approach to risk,' chief executive Ian Smith said.

'These results reflect both the organic growth we anticipated and the expected growth from our strategic acquisitions and have produced a strong uplift in earnings per share.'

At 2:35pm: [LON:OPM] 1pm PLC share price was 0p at 46.5p

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