Chairman and chief executive Tim Brettell also said talks were ongoing with an unnamed suitor over the acquisition of its entire share capital (PrintWeek, 2 May).
Print management, which accounts for 66% of group sales, reported a 6% rise in sales to 10.4m.
Total turnover increased 8% to 15.8m thanks to contract wins over the last year.
Pre-tax profits of 2.3m, before goodwill, were up 5% on the same period last year.
The results demonstrate a significant improvement in our performance, with print management, our major business area, continuing to perform well, said Brettell.
Net debt has been reduced from 983,000 in December 2002 to 153,000.
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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