Nur cost-cutting exercise brings mixed returns

Wide-format ink-jet company Nur has posted mixed second-quarter results as part of a strategy to lower its operating costs.

The firm's revenues had grown to 11.3m ($20.3m), a 4% increase on the same period last year. Nur said this was due to increased ink and service revenues. But the company did suffer an operating loss of 383,185 compared to 207,406 the previous year.

"We have implemented a plan to lower our operating costs in order to maintain our ongoing operations," said Nur president and chief executive David Amir.

"Despite a cut in expenses, we were able to increase revenues quarter over quarter in addition to continuing our research and development efforts."

Revenue for the first six months slumped more than 10% from 21.5m compared with 23.9m over the same period in 2004. Also in the second quarter Nur's research and development expenses had risen from around 900,000 to just over 1m.

In July, Nur appointed two engineers to its UK customer support team.

Nur is set to launch its 3.2m-wide roll-fed UV ink-jet press at Print 05 in Chicago. Earlier this year Nur unveiled a modular version of its Tempo flatbed UV-cured ink-jet press.

Story by Philip Chadwick