Domino sees sales increase


16-01-2002

Domino Printing Sciences in Bar Hill has announced a 3 per cent rise in sales over the last year, despite a fall in business in America and Britain.

The firm saw its operating profits rise from 150.4 million to 154.7 million. Shareholders saw their yearly dividend rise 10 per cent to 3.58p per share.



During the last year Domino moved all of its printer manufacturing from Chicago to Bar Hill. At the same time, bosses scaled back the firm's European operation because of a drop in business on both sides of the Atlantic.



That resulted in job losses, but chairman Peter Byron said it had experienced strong sales in Asia, particularly in China Domino is opening a new plant in Shanghai next month.



He said: 'We have grown sales despite difficult trading conditions in the USA and UK and in doing so gained market share across our four product areas. We have expanded, through acquisition and investment, the product range available to our strong global distribution network.'



He added: 'We face challenging markets. We have adjusted our cost base to reflect current conditions. The acquisitions and investments we have made will enable us to benefit from the opportunities ahead.'

 

Founded in 1978, Domino Printing Sciences plc, has established a global reputation for the continual development and manufacture of its total coding and printing technologies that meet the needs of manufacturers and sets new industry standards in quality and reliability.

Domino Printing Sciences plc