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Communisis continues costs reduction as profits increase.(Financial report)
Communisis increased its profit by almost 50% year-on-year in the first half of 2011 and promised further improvement as it announced a new pounds 2m cost savings exercise.
In its interim results for the six months to 30 June 2011, pre-tax profit increased from pounds 1.8m to pounds 2.9m, while operating profit before exceptional items also rose 27% from pounds 2.8m to pounds 3.6m. Turnover dipped slightly from pounds 98.1m to pounds 97.8m.
According to Communisis chief executive Andy Blundell, the results were 'positive' and increased expectations ahead of 2012 and 2013.
Also in the results the company said that it would be consolidating its facilities …
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