4imprint profit almost doubles

Small cap promotional products firm 4imprint reported a strong rise in revenue and almost doubled underlying profit for the year as it experienced some recovery in its markets.Group revenue rose 19% to £200.77m for the year ended 1 January 2011 while underlying pre-tax profit jumped to £9.98m from £5.14m previously. "Despite the wider threats to economic growth, the momentum developed in the past year is evident in the early weeks of 2011," said chairman John Poulter. New customer orders in North America were up 14% over prior year and existing customer orders were up 27%. The UK business traded profitably on revenue which increased by 12% over the prior year."Both new and existing customer orders were significantly ahead of prior year as the business saw improvement in the yield on its prospecting catalogue and internet marketing spend coupled with further growth in its customer file and retention rate of existing customers," the group explained in its company statement. Year end net debt was £0.24m, a reduction of £2.89mA final dividend of 9p has been proposed, up from 8.5p in 2009. 4Imprint