PrintWeek:
Printing.com has said there is still “a chronic lack of confidence in the SME market” after it posted a 17.4% fall in pre-tax profit to £1.7m in its preliminary results for the year ending 31 March 2010.
Chief executive Tony Rafferty described the 12-month period as “two halves of dire trading” and said that, while turnover was flat at around £14.5m, profits had fallen due to the company doing more work for the same price.
However, Rafferty added that the results demonstrated “the robustness of Printing.com’s business model” and proved that the company was still profitable and cash generative despite the challenging trading conditions.
The results come as Printing.com prepares to launch its template-based web-to-print system, which Rafferty said would allow the company to target the corporate market, among others.
