For the year ended 31 December 2005, the AIM-listed print management group showed turnover up at 57.5m, compared to 48.2m in 2004s restated accounts. The companys EBITA decreased to 1.8m compared to 3.5m.

The pre-tax profit line showed a loss of 3.5m, compared to 2004s 353,000, but this figure is calculated after exceptional items and amortisation of intangible assets, so did not reflect the companys performance, said chief executive Jason Cromack (pictured).

"A lot has gone on over the past few months and we are going through a period of stabilising the group," he said.

"It is a very challenging market, but we are confident we have the management team to drive development. It is now about getting out there and winning new business."

TripleArc is now focusing on a strategy to convert its non-contracted customer base into contracts. It follows a decline in "ad hoc revenue" from its non-contracted customers, mainly in business forms.

"The board is beginning to see momentum building from maintaining its strategy of pursuing contracted revenue and account development," added Cromack. "We want to get as much under contract as we can."

Earlier this year it sold part of its StreamGWC arm to Formpro Marketing.