Communisis reveals 'stable' first-quarter profits

Print management company Communisis has indicated that its profits for the first-quarter of 2008 are in line with expectations and it expects this to continue in the second-quarter of this year.

The company will not release an official profit/loss statement until the end of the first-half but an interim management statement released today described trading conditions as stable, despite a "slight weakness in demand for printed products".

"We continue to have reasonably good forward visibility of revenues to the end of the first-half (ending 30 June)," the statement said.

"In addition the margin generated from these printed products has been better than expected. Consequently we expect the business to perform in line with expectations for the first-half from a profit perspective."

The company said clients were responding well to its strategy of developing higher margin services, selling additional service lines to customers and developing new service lines to complement the existing offering.

It added that business would continue to focus on management of working capital and retain the ground won in 2007.

Communisis, which is headed up by chief executive Steve Vaughan, usually releases its first-half figures in September.