Global Graphics has published its half-year figures, showing sales of €8.39 million, up from €5.34m for the same period in 2014, though some €1.3m of this comes from exchange rate fluctuations. The pre-tax result was a profit of €2.08m, up from €0.61m, with a net profit after tax of €2.66m for the period, as against €0.66m for the same period last year.
The company continues to generate enough cash to fund its day-to-day activities. However, the cash balance fell some €0.64m to €3.52m. This is partly due to a 24-month lag in payment on a major office contract.
Not surprisingly, the bulk of revenue comes from the Print segment – €7m against €1.2m from eDocs. This is mostly from license royalties, with the main markets being North America and Asia.
Global Graphics has also included details on its acquisition of RTI, which sells custom-branded versions of the Harlequin RIP. This acquisition gives the Group a direct route to market in the light production digital area. RTI has added €297,000 in revenue and profit before tax of €54,000 to the group’s results.
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