PHOTOBOOTH operators Photo-Me yesterday vowed to pay shareholders almost £25m in a special dividend after posting "extremely strong" results for the first half of 2022.

The Epsom-based firm, that sells a range of photobooths and vending machines, posted revenues of £115.3m for the first half of 2022 - up 21.9 per cent on last year.

The company said its photobooth business recovered faster than expected as travel with easing travel restrictions bringing back a demand for passport photos.

The firm said it would pay shareholders a special dividend of 6.5p per share, on top of its standard dividend of 2.6p a share, at a combined cost of £34.41m.

Shares soared over 18 per cent on the news yesterday.

(c) 2022 City A.M., source Newspaper