Operating profit at the Shoreham-headquartered print group rose from £261,462 in 2011 to £667,075, while group turnover was up 12.8% at £13.3m (2011: £11.8m).

Gemini's pre-tax profit for the year came in at £469,179 compared to last year's loss of £1.2m arising from a £671,808 intercompany debt write off and an £800,000 loss on "onerous leases from liquidated companies".

Similarly, net profit for the current year came in at £322,640 versus a net loss of £818,366 in 2011.

The reversal in the group's fortunes coincides with former part-shareholder John Boyle OBE increasing his stake in the company to 100% (following the death of founder Nigel Holmes) and backing a major capital investment programme.

Since January, the group has embarked on an £800,000 finishing upgrade, a £3.4m investment in a brace of Heidelberg Speedmaster XL presses, a new MIS and a pair of Kodak digital presses.

The company has also acquired the remaining 50% stake in G Beard & Sons to form Gemini Digital.

Boyle said: "Our 2012 financial results underline our increasing confidence in the print market and place us in an excellent position to build further on our success following a major round of investment that is almost complete."

Managing director Steve Cropper added: "Our new presses mark the start of a new era for Gemini and our financial results confirm we are on target to achieve our ambitious growth plans.

"Our investment has more than ever given us the ability to offer a complete service, from design to print and mailing, all under one roof. We recognise this is the way forward in printing and we have great confidence in the future as long as we remain focused on delivering our trademark outstanding service."