finance

Two more printers in voluntary administration [finance]

2010-03-09T03:35:00+01:00

Victorian printer Paragon Printing and sister company Moore Office are the latest print shops to be hit by the tough economy with the companies bringing in Administrators. Hall Chadwick partners Richard Albarran, Blair Pleash and David Ross are continuing to trade the businesses of the companies at this stage with a view to maximising the chances of continuing in existence.

Industry’s pace of growth accelerating: PIAA [finance]

2010-03-03T03:30:00+01:00

Economic growth in the printing industry picked up during the December 2009 quarter according to data released today by the Australian Bureau of Statistics (ABS). However Printing Industries says that despite the welcome pick up the industry still remains well below its peak activity levels.

Colorpak reports positive growth [finance]

2010-03-02T03:00:00+01:00

Local packaging firm Colorpak has reported half year revenues of $42.6m, a 5.6 per cent jump from the last year’s $40.3m, which the company attributes to a boost in sale as well as strong operational efficiencies.

Fairfax’s digital profits up as print volumes drop [finance]

2010-03-01T13:00:00+01:00

Fairfax Media’s print division profits in New Zealand and Australia dropped 19.5 per cent to A$43.3m in the first half of 2009-10, however overall earnings for print were A$57.6M, less than one per cent below the A$58m reported the year before.

Colorpak reports positive growth [finance]

2010-03-01T13:00:00+01:00

Worldwide calls in administrators [finance]

2010-03-01T03:45:00+01:00

Franchise operation Worldwide Online has called in the administrators after 16 years of virtually non-stop growth. The independent franchisees, of which there are more than 80 in Australia, are not directly affected as they run independent operations.

Sydney print shops up for sale by administrator [finance]

2010-03-01T03:30:00+01:00

Administrator McGrathNicol is offering for sale the business and assets of ailing print shops The Printing Department and Carbonbook, which went into voluntary administration last month. McGrathNicol is seeking non-binding indicative offers for the businesses.

Duoyuan Printing sees jump in revenue as multicolor sales increase [finance]

2010-02-27T13:00:00+01:00

Chinese offset equipment supplier Duoyuan Printing has reported a 15.1 per cent revenue increase to US$42.4m for the second quarter ended December 31, 2009 compared with US$36.8 million for the same period last year. The company says the increase was primarily due to the growth in sales of multicolor presses.

Salmat’s profits up with jump in delivery and online traffic [finance]

2010-02-27T03:00:00+01:00

Salmat’s profits were up 21.9 per cent to $24.3m in the first half of 2009-10 compared with $19.9m during the same period the year before. While the company reported total mail volumes were down four per cent, its Targeted Media Solutions division earnings increased by 40.5 per cent to $20.7m following strong outcomes from efficiency programmes and new business wins.

Blue Star first half results show improvement [finance]

2010-02-26T13:00:00+01:00

Blue Star Print Group has reported earnings of $20m for the first half of 2009-10, which represents a 163 per cent improvement on the six months ended June 30, 2009. However, this is still down on the pre-global financial crisis performance of $27.6m for the six months ended 31 December 2008.

McPherson’s group revenues up but print division lagging [finance]

2010-02-26T03:00:00+01:00

McPherson’s Limited’s book printing division experienced a $2.9m loss in sales revenue to $32.4m in the first half of 2009-10, which the company attributed to “the continuation of subdued market conditions, particularly with respect to professional reference publications”.

Duoyuan Printing sees jump in revenue as multicolor sales increase [finance]

2010-02-26T03:00:00+01:00

Gunns reports massive drop in profits [finance]

2010-02-25T03:00:00+01:00

Gunns has reported a 98.7 per cent plummet in profits in its half year results to $400,000, compared with $22m in the second half of 2009. The troubled company says its woodfibre business was severely impacted by the strong Australian dollar and declining volumes.

ASX takes aim as Gunns reports massive drop in profits [finance]

2010-02-24T13:00:00+01:00

Gunns has reported a shocking 98.7 per cent drop in profits in its half year results to $400,000, compared with $22m in the second half of 2009. The troubled company says its woodfibre business was severely impacted by the strong Australian dollar and declining volumes.

Fairfax’s digital profits up as print volumes drop [finance]

2010-02-24T03:30:00+01:00

Fairfax Media’s print division profits in Australia and New Zealand dropped 19.5 per cent to $43.3m in the first half of 2009-10, however overall earnings for print were $57.6M, less than one per cent below the $58m reported the year before.

Review your personal finances now [finance]

2010-02-23T18:13:00+01:00

David Underwood says that right now makes an excellent take off time to review your personal financial position and to review your personal matters

Blue Star first half results show improvement [finance]

2010-02-23T03:50:00+01:00

Blue Star Print Group has reported earnings of NZ$20m for the first half of 2009-10, which represents a 163 per cent improvement on the six months ended June 30, 2009. However, this is still down on the pre-global financial crisis performance of NZ$27.6m for the six months ended 31 December 2008.

Amcor keeps profits level despite major drop in sales [finance]

2010-02-23T03:30:00+01:00

While Amcor’s profits rose three per cent to A$172.5m in the first half of 2009-10, the packaging giant’s sales dropped 15.6 per cent to A$4.08bn. The company claims that although economic conditions in Australia improved during the July to December 2009 period, they remain weaker than the same period last year.

CPI’s profits take a hit in tough market [finance]

2010-02-22T03:45:00+01:00

CPI’s net profit dropped 4.2 per cent to $2.04m for the first half of 2009-10 while earnings before interest and tax (EBIT) fell 27.6 per cent to $4.2m. The Australian paper giant says trading conditions remain difficult with volumes still below the levels two years ago.

Amcor keeps profits level despite major drop in sales [finance]

2010-02-22T03:00:00+01:00

PaperlinX in red as sales tumble [finance]

2010-02-21T02:03:16+01:00

The buffeting the global print industry suffered in the latter half of last year has been reflected in the latest set of figures from merchanting giant PaperlinX. The company’s merchanting sales for the six months to December 09 fell across the board, with Australian, New Zealand, European and North American operations showing double digit declines, making a volumes increase in Asia the only bright spot for the company.

PaperlinX in red as sales tumble [finance]

2010-02-20T13:00:00+01:00

PaperlinX in red as sales tumble [finance]

2010-02-18T03:48:00+01:00

PMP back in black but revenue continues decline [finance]

2010-02-17T03:45:00+01:00

PMP suffered big revenue drops in its print, distribution and premedia divisions in the six months to December 2009, with Group operating revenue dropping 9.5 per cent to $645.4m in the first half of the 2009-10 financial year. However the country’s biggest printer has turned around last year’s first half loss and is reporting a jump in net profit after tax to $13.7m, compared to the $11.2m loss in the first half of 2008-09.

Heidelberg reports growth in Q3 but printers still reluctant to invest [finance]

2010-02-14T03:00:00+01:00

Heidelberg reports incoming orders and sales for the third quarter of 2009-10 were there highest for more than a year however Bernhard Schreier, CEO of Heidelberg says there is as yet no clear improvement as print shops are still reluctant to invest.

Heidelberg reports growth in Q3 but printers still reluctant to invest [finance]

2010-02-13T13:00:00+01:00

Heidelberg reports growth in Q3 but printers still reluctant to invest [finance]

2010-02-12T13:00:00+01:00

Heidelberg reports growth in Q3 but printers still reluctant to invest [finance]

2010-02-11T13:00:00+01:00

CPI secures funds with GE agreement [finance]

2010-02-11T03:30:00+01:00

CPI has extended its finance facilities with GE for a further three years from its initial three year agreement. The company says the renewal demonstrates GE’s confidence in CPI.

It’s their debt, but it’s your problem [finance]

2009-12-29T10:57:00+01:00

Financially literate managers and business owners may not know that their employees have little or no fiduciary knowledge or skills. Financial management guru Hannah McQueen advocates for greater financial literacy, saying it can increase workplace productivity