Gee, who is also managing director of parent company Denmaur Papers, said that several cost-saving initiatives had been put in place since he took on the role of IP managing director in 2003.
These included moving a number of the firm's back-office functions from Wakefield to Kent. It has also raised funds through a rights issue of 800,000 to 900,000.
"For the past three months we have got Independent back to making a profit," said Gee. He admitted, however, that the market remained a testing one.
Gee added that lessons had been learned which had enabled him to turn the business around.
Independent Paper has five branches across the UK.
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