The company said this morning that it had granted an additional master licence in a large territory where franchising is well established, believed to be the United States.

In its interim results released today, the print franchise company also announced that the number of sales outlets had reached 271 in the UK and Ireland as it posted a 5.2% increase in pre-tax profit to £1m.

In a statement to the London Stock Exchange, the company said that margins would have been higher were it not for the more potent monthly offers that have been made available to stimulate demand.

Despite the strong results, the company remained cautious as visibility remains poor and certain sectors, such as the estate agent sector, have shown a dramatic drop off. 

For more see this week’s PrintWeek.