Punch half-year results stable

Punch Graphix has posted its half-year results with both earnings and profits remaining steady following its buyout earlier this year.

From the six months to June 2007, revenues were at £14.9m (EUR21.6m) compared to £14.4m over the same period last year. Operating profit fell by 1% to £9.1m while pre-tax profit fell by 11% to £8.2m.

The York-based firm’s digital press arm Xeikon increas-ed its sales by 6% to £40.8m.

Parent company Punch International took control of the company following an arduous buyout process.