Turnover was up 15% to 10.2m, which the Maidenhead firm attributed to increased sales of printers, particularly Epson products.
"Colourgen has exceeded all expectations in a difficult trading year with positive results in all areas," said managing director Jeff Biggs. "The next 12 months should see even more dramatic growth."
The firm expects further growth to come from new products that move it into new market sectors.
These include the Kodak 5260, unveiled last year but delayed due to speed and quality issues, which is due to be relaunched at Photokina this September.
The 5260 is a faster machine than Colourgens existing products and the firm expects it will appeal to the photolab and exhibition graphics markets.
Other new products include the Seiko II IP-4500 ink-jet printer, which uses oil-based inks and prints at 36m an hour, as well as Tiara Systems Sapphire and Opal printers.
These machines should help Colourgen to move into the market for outdoor, unlaminated graphics.
Story by Barney Cox
Have your say in the Printweek Poll
Related stories
Latest comments
"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
Up next...
News comes a year after the Coronation
King and Queen update Royal Warrants
66-year-old firm closes
DCW Penrose shuttered; kit sold at auction
Finishing from start to finish
IFS lauds partners' premieres and Drupa importance
Government emphasised RM's importance to society