Business is on the up for printing systems company Linx Technologies Plc, which reported a promising set of interim results and says it is confident it will be able to keep the pace going for the rest of the year. The Huntingdon, UK-based company that ran into difficulties when it floated on the London Stock Exchange in October 1992, has reported net profits up 53.1% at 790,000 pounds while revenue rose 23.0% to 10.6m pounds, and says that its past problems are well behind it. The UK operation accounts for only 20% of Linx’s inkjet printer business, with the other 80% coming from 40 countries around the world. The company has recently appointed a new distributor in the US and says that productivity has doubled, while completion of a subsidary company in France in November is expected to boost profits in Europe in the first half of the next financial year. In his statement, chairman Michael Moore said that cost reduction and attention to selling prices is high on Linx’s agenda with the company recognizing that it doesn’t have to compromise quality to cut costs. Linx has invested 9% of its revenue in product development, launching a number of new inkjet printers and a software product that enables multiple printers to operate with other equipment in a Windows environment. The rest of the year will witness the company moving into new territory on the look- out for acquisition opportunities to complement its existing business. Managing director Mike Keeley said that the company has realized that if it is to fulfill its plans of growth and expansion it cannot do so purely on an organic basis. Keeley described the results as excellent and said that the Linx expects to continue to see profits in the future. The company will pay an interim dividend of 1.3 pence, a 44% increase on the same time last year.
