Linx profits up 6% on back of new launches

Linx Printing Technologies, the manufacturer of continuous ink-jet marking and coding systems, has reported a rise in turnover and profits after the successful launch of two products last year.

In the six months to 31 December 2003 the St Ives-based companys turnover rose 2% to 25.4m, while pre-tax profit increased 6% to 2.6m.

During the period Linx Printing Technologies launched the 4900 ink-jet printer and Xymark 300SL steered beam laser, which it said have been well received.

Linx Printing Technologies chairman Michael Moore said that the results represented a solid performance and that the company was continuing to invest in its future.

The company said that its ink-jet business grew 7% worldwide, reflecting a 3% growth in unit volumes and the expansion of consumables sales to its customer base. In Europe and the US ink-jet sales grew 10%.