In its second year since going public, Linx Printing Technologies Plc, the Huntingdon, Cambridgeshire printing systems company, has clawed back some of its interim deficit to post full-year pre-tax profits down 76.9% at UKP330,000, on turnover down 8.5% at UKP10.9m. At the interim stage, the company had lost UKP391,000 on turnover down 25.7% at UKP4.3m, and it hopes that after major upheavals, including the departure of chairman and marketing manager, it has now turned the corner. Linx attributes the improvement in pre-tax profits to better margins from higher turnover than in the first half, though margins failed to match last year’s. On second half comparisons, turnover was up by 8% and pre-tax profit up 9% on last year, and Linx is confident that its development of a new laser printer and an improved and enlarged marketing strategy worldwide will offer the company a way forward. However this product development budget will hit the company’s research and development expenditure and eat into its cash resources. Linx will pay a final dividend of 0.75p, a penny for the year, which is down 52%.
