News

Imagelinx soars on trading update

12 July 2007 12:56:00

Shares in Imagelinx soared a whopping 60% after the graphic brand management services provider unveiled a new contract, a recovery in second quarter revenues and a move back on to profit.

The contract is for of the world's leading specialist pet food manufacturers for all of its European pre-press artwork and separation activities. Work is expected to start in August and is estimated to result in annual revenues of over €600,000.

Imagelinx added that revenues in the second quarter have recovered and are now more in line with expectations following the weaker than usual seasonal trend in the first quarter.

The group added it has made an underlying profit in the second quarter as costs have been cut more quickly and by more than anticipated.

"There remains further scope for cost reductions in the second half as certain of the activities of Imagelinx and Tecnolink are combined and the board is also optimistic of further new business in the second half of 2007," the group said.

"The group has recovered quickly from a difficult 2006 and the board expects the improving trend in the group's performance to continue through 2007 and into 2008," it added.

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