Equipment

Domino Printing Sciences, the track and trace coding for packaging specialist, is optimistic of its future performance, despite concerns over an economic downturn, after publishing a strong set of financial results for the six months to 30 April.

Andrew Herbert, Domino group finance director, said the firm's "geographic coverage, strong market position in its sectors, as well as the after sales opportunities in the consumables and services markets" were the main reasons for a positive outlook.

Domino recorded a 12% increase in revenue to £125.9m, compared with the same period last year, while pre-tax profit rose 8.5% to £15.9m.

Herbert said that Domino continued to invest in research and development "across the board" to help reduce cost, and there would be new products in it laser technology and thermal transfer sectors in the next few months.

In the track and trace sector, the results were below expectations but Herbert said the firm was buoyed by the wide variety of applications, such as product authentification and safety and tax collection, as well as legislation, that were boosting interest in the firm's products.

Domino's share price rose this morning by 0.5% to £3.10.