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Photo-Me to restructure its Japanese business

Photo-Me to restructure its Japanese business

Back in May, Photo-Me International (PHTM) warned that pre-tax profit would miss expectations for the full year, reflecting a challenging market backdrop in Japan, where a surge in the number of photo booths dented unit profitability. Ergo, underlying profit before tax at £46.8m was flat on FY2017, and down 1.6 per cent at constant currencies. 

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