Underlying operating profit across the group in the 12 months to February 2012 increased by 13.3% to £1.53m from £1.35m. Elsewhere, diluted basic earnings per share increased by 34.9% to £0.58 in 2011/12 compared to £0.43 during the same period the previous year.
The company reported development within its print offering as well as a hike in its digital revenues, which contributed to total group sales of £21.72m. Although down on last year's £22.4m, the group delivered a higher gross margin of £11.83m compared to £10.97m.
Revenues within Tangent's print operation came in at £10.83m, which was marginally down on the £11.27m sales made in 2011. However, removing one-off £1m revenues from the work carried out for the general election, result in a 5% increase in like-for-like sales.
The company said it has offset a decline in the work carried out for estate agents by increasing its number of clients in the SME market through its printed.com website.
The group, which relaunched the website on 27 October, said Printed.com was an "evolution" of the Digital Print Partnership, which started life as a wholesale trade operation before being developed into a site increasingly used by designers and SMEs.
Following heavy investment into its marketing activity for the website to attract small business clients, Tangent said it fully-expects print revenues to grow this year and beyond.
On the digital front, Tangent has also rebranded its Tangent One and Snowball companies into Tangent Snowball.
Offering CRM and digital communications, the agency recorded sales of £10.9m with operating profits of £1.02m, which came in under the company's 10% net margin projections.
According to Tangent chief executive Timothy Green, the group will now focus on "will focus on revenue growth; increasing customer numbers to our Printed.com service and new contractual income to our digital business".
He added: "We will increase advertising expenditure to promote Printed.com both in the UK and internationally as we build our brand and the utilisation of our print facility.
"We look to the second half of the year to best demonstrate growth prospects from increased customer numbers and new business."
Tangent has also announced that non-executive chairman Piers Caldecote is to stand down from the company’s board, being replaced by Michael P Green as director and non-executive chairman with immediate effect.
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