News
Domino acquisitions and launches drive sales surge
Domino Printing Sciences has reported sales growth of 12% over the six months to 30 April, boosted by acquisitions and demand for new products.
The Cambridge-based printing kit, coding and marking, and RFID technology company recorded sales of £112m, with pre-tax profits up 4% to £14.6m.
Chairman Peter Byrom said the firm's newer businesses, including 2006 acquisitions EIS, Mectec and Easyprint, were making "good progress".
He added that activity in track-and-trace technologies was high, but market adoption had been "slower than anticipated".
The firm's research and development expenditure increased by 3% to £5.4m.
Byrom said Domino had invested in "an extensive series of new products – the Plus range – across most areas of our business", and that it planned to launch further additions in 2007.
Domino's share price rose by 1.4% after it published the results this morning.
Domino: coding and marking kit added to the profits boost
