Photo-Me International plc announced its interim management statement for the third quarter and nine months to January 31, 2014. While the group's third quarter from November to January is traditionally the slowest quarter of the year because of seasonal trading patterns, it is reported that overall profitability in this three-month period has been over 80% higher in sterling terms (100% at constant exchange rates) than for the same three-month period last year.

In the first nine months of the year to date, the group has made strong progress with a profit before tax of around 20% more than that for the corresponding nine-month period last year.

As a result of the performance in the year to date, the Board at this stage anticipates that the group's profit before tax will exceed market expectations for the current year by at least £1 million. Further, if the performance in the third quarter of the year continues through the final quarter, and there is no significant adverse movement in the exchange rates, the group would expect to improve on this outcome.