An increase in ink and service revenues has boosted second quarter financial results for NUR Macroprinters (NURM.PK). A leading supplier of wide-format inkjet production printing systems for the out-of-home advertising market, NUR has reported a four per cent increase to $19.5m compared to the same period last year, and a 10 per cent increase compared to $18.4 million reported in the prior quarter.
Revenues for the six months ended June 30, 2005 were $38.7 million compared with $43.0 million, as restated, for the same period in the prior year. Operating loss for the first six months of 2005 was $1.1 million and net loss was $2.7 million, or $0.11 per share, compared to an operating income of $4.1 million and a net income of $1.8 million, or $0.08 per diluted share for the same period in the prior year.
NUR president and CEO David Amir says a plan to lower operating costs has been implemented in order to maintain ongoing operations.
“Despite the cut in expenses, we were able to increase revenues quarter over quarter and in addition to continue our research and development efforts,” says Amir.
The next move for NUR will be a trade show next month which will preview a new 3.2 metre wide, roll-fed UV inkjet press currently in an advanced stage of development.
“This will be an excellent opportunity for us to demonstrate to the market our leadership role in UV inkjet technology,” says Amir.
