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July 12, 1990


By CBR Staff Writer

Things seem to have calmed down a bit in the last six months for ink-printing system supplier Domino Printing Sciences Plc, Cambridge, whose last full fiscal year included a change of headquarters, a 30% jump in research and development and the sale of its Mailcrafters business (CI No 1,356). Chairman Gerald Dennis was able to report that the half year to April 30 was one of steady if unspectacular growth across all of its markets, with continental Europe now providing almost a half of its total bevenues of UKP20.6m – European sales look set to increase into the next six months with acquisitions in France and Spain to provide regional distribution in those countries. As for the rest, Germany and the Netherlands were singled out as areas making particularly good headway. In the UK, a high number of large repeat orders meant that revenues grew a satisfactory 21%, as did sales to North America, where Domino is looking to improve distribution. For the future, Dennis stressed the need further to reduce its manufacturing costs as a result of increased competition, improve lead times and offer better after-sales support. Earnings per share rose slightly to 6.6 pence, and the board recommended a dividend of 1.75 pence a share up from 1.5 pence last time. The City reacted indifferently to the figures, the price of Domino shares remaining at 160 pence after the announcement.

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