Strong 2004 for TripleArc

TripleArcs 2004 has been described as a year of huge progress after it posted a strong set of results.

The figures were boosted by a full-year contribution from Access Plus, acquired at the end of 2003. Pre-tax profit jumped to 3.3m, an increase of 301%, while turnover grew by 134% to 48.7m.

"Looking to the future we expect this trend to continue as we progressively move away from ad hoc print supply orders, towards longer term print management contracts," said TripleArc chief executive Jason Cromack.

He added that TripleArc was "determined to drive growth both organically and via acquisition".

Earnings before tax were at 4.5m compared to 900,000 in 2003, while cash generation from operations was up 108% to 3.4m.

TripleArc shares rose 1.25p to 20.25p.