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1PM open to more partnerships and acquisitions to boost growth

Published: 16:14 08 Jul 2016 BST

Ian Smith, chief executive of 1PM PLC (LON:OPM), says potential partnerships with fintech companies and further acquisitions are not out of the question for the finance company that lends to small and medium sized enterprises.  “We are always actively looking at one or two opportunities with early stage discussions going on’” though Smith doesn’t regard any of these as well developed at this stage.
On Friday investors learned adjusted profit is set to come in materially above expectations in part due to the immediately earnings enhancing acquisitions of Academy Leasing and Bradgate.

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