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Schawk posts doubled profits for Q2 2010

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Schawk has said it doubled its pre-tax profit in the second quarter as the recovery took hold in the packaging sector, leading to increased client activity.

The global pre-press giant posted profits of $14.2m (£8.9m) for the quarter, up from $7.1m the previous year, on sales of $117.8m, up from $112m in 2009.

The company cited an increase in product and brand activity from consumer packaged goods clients, as well as increased promotional activity from advertising and retail clients for the improvement.

President and chief executive David Schawk said: "The results reflect the signals we received from our consumer packaged goods clients in late 2009 and early 2010 that product and brand activity would be increasing."

Pre-tax profit for the six months to 30 June was $18.8m, up from $4.1m, while net sales came in at $229.5m, compared with $217.1m in 2009.
Business Pre-media