Printing.com figures show strong first half

Printing.com has reported significant growth in turnover, pre-tax profits and operating profits in its half-year results released this morning.

The high-street franchise group reported a 75% boost in pre-tax profits, rising to 1.1m, and a 15% year-on-year increase in sales to 6.4m. Operating profits also climbed 53% to 1.1m.

Printing.com chief executive Tony Rafferty (pictured) said that the results were in line with expectations.

"The refinement and sophistication of our supply chain model is what is singling the business out," he said.

The group confirmed its intentions to increase sales capacity to 45m-50m.

This will be done by the doubling of capacity at the firm's Manchester hub with the aid of a 1.8m investment in a four-colour B1 Komori Lithrone 440SP press, one of the first of its kind in Europe.

The firm's share price was up by almost 4% on the news to 72.5p.