In addition to improved revenues compared to the same period last year, like-for-like sales were up 16% in the period since 1 May.

Peter Byrom, chairman at Domino Printing Sciences, said: "We are ahead of our expectations for 2010 at this stage."

He added that while sales were strong in Asia, Middle East and South America, the company's outlook for Western Europe and North America remained cautious despite positive trading conditions.

Sales in Domino's fluids and consumables division were up 18% while new equipment sales increased 25% thanks to increased capex budgets at the inkjet manufacturer's clients.

Overall headcount at the group was up 4 per cent compared to 12 months ago, while research and development spend has increased by 29 per cent in the year to date.

"We continue to invest in the selling, manufacturing and engineering capacity of the business, targeted towards expanding our capabilities in developing markets and exploiting new products," said Byrom.

Cash generated by the business came in at £3m, after dividend payments of £6m, with net cash at the end of August standing at £38m.

The group will issue its next trading update on 14 December 2010.