Global Graphics has released its figures for the third quarter and first nine months of the current financial year ending 31 December 2015.
These show that revenue for the quarter has dropped to €2.98 million, compared with the same period last year of €3.28 million. However, during this period Global Graphics bought the German font manufacturer URW. During the quarter, URW contributed revenue of €48,368 and an operating profit of €8,164 to the Group’s results.
The first three quarters taken as a whole show a rise in revenue from €8.62 million last year to €11.37 million. This translates to a profit of €3.08 million, once the figures have been adjusted, up from last year’s profit of €1.98 million.
Global Graphics also revealed that it has been working with a number of inkjet press manufacturers that have been suffering with quality issues to develop new half-tone screening technology for high-speed presses that can vary the amount of ink delivered in any one location on the media.