The company reported pre-tax profits of 1.8m ($3.3m), up almost 600% on the same period last year, when pre-tax profits were just 316,000. This dramatic improvement was largely due to a reduction in operating expenses, which were down 1.2m to 9.3m from 2005. Turnover only showed a slight increase, up 94,000 to just over 39m.
Edward Marino, president and chief executive of Presstek, said: "Our first quarter of 2006 produced increased revenue and earnings exceeding our traditionally strong fourth quarter. We increased the penetration of Presstek's digital technology products, driving strong equipment and consumables sales."
He added: "We sold more than 200 units of Presstek manufactured digital equipment in the first quarter, which represents digital unit growth of over 30% when compared to the first quarter of last year."
Have your say in the Printweek Poll
Related stories
Latest comments
"All these guys do is party all day and night. How do I join?"
"That's if they go into Administration, there are many of us still waiting for them to put 1066 Capital t/s Crystal Press in, since May 2024 we are all owed notice & redundancy pay and also..."
"Is a pre-pack looming?"
Up next...

Regulatory comms specialist
Paragon expands with German buy

Progress being made
Women hail progress in print industry for International Women’s Day

Reliability at heart of brand