The group recorded a 17% increase in revenues from £256.1m to £300m while its pre-tax profit came in at £52.1m, a £24.1m increase from the year previous. The firm also posted a record underlying pre-tax profit of £54.7m (2009: £35.7m).

Unit sales within the group were up 30% compared to 2010 while there was also growth in fluids and consumables divisions. According to the inkjet manufacturer, the strongest growth in revenues stemmed from Middle East, Asia and South America although sales were up across the board.

Peter Byrom, chairman of Domino, said 2010 was a successful year for the group and one assisted by recovery in the global markets.

He said: "In improved economic conditions the group has generated an increase in sales of 17% of which 16% is underlying growth in our core business and 1% is attributable to acquisitions made in 2009.

"Sales growth has been achieved in all geographic regions and across the full product range with strongest growth in the newly acquired product technologies."

During the year, Domino has also increases its group headcount by around 5% adding more than 50 members of staff to its sales, marketing and service divisions.

The group's operating cash generation was £47.1m with Domino proposing to increase the total dividend for the year by 20% to 15.62 pence per share.

According to the manufacturer, this is the 25th consecutive increase in the annual dividend since it was initially listed on the Stock Exchange in 1985.

Byrom added: "Whilst economic concerns do remain in Europe, our strength in the fastest growing regions of the world, China, India, South America and Eastern Europe, gives us confidence as we enter 2011.

"The combination of an exciting range of new products and additional investment in selling and marketing, together with a strong balance sheet, gives us confidence in the future."