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Publishing Technology has grown profits for the first half of the year, despite revenues falling, compared with the same period in 2009.
The systems and software provider saw EBITDA (earnings before interest, tax, depreciation and amortisation) climb 30% to £471,000, while gross profit grew 5% to £3.174m. Sales fell 2.5% to £7.487m, compared with £7.676m last year.
A statement released by the AIM-listed company said the business was "performing to expectations", with both profitability and margins slightly better than expected.
George Lossius, chief executive, said: "This has been another solid performance from Publishing Technology as we move into full scale marketing of the newly developed products in which we have been investing over the last three years."
He added that revenues had "held up well despite the ongoing financial uncertainty in the wider economy", highlighting improvements in efficiency and reduced costs to strengthen the group and its future value.
Lossius said: "Our confidence in the ground-breaking developments in our new product range is being rewarded this year so far and, looking forward, we believe this will improve in the second half of 2010 and into 2011."