LONDON (Alliance News) - Printing services company Grafenia PLC Thursday said trading remained broadly in line with management expectations for first half of its financial year, but warned it is still facing competitive conditions in its main markets.
"Competitive conditions remain in the group's established markets. However new initiatives have made progress.
Back in July, Grafenia successfully launched its new print reselling initiative, Marqetspace, which it said at the time was already generating revenues and showing early indications of material growth in the coming months. Marqetspace, is an online portal to allow buyers and sellers to trade using the W3P system.
Grafenia said Thursday that Nettl, its new 'cross media' franchise offering has been launched with the company rebranding its Printing.com outlets in Manchester, Birmingham, London and Dublin. It said that initial trading "bodes well".
Grafenia said it will release its interim results for the six month to end of September on November 10.
The company's stock was down 5.2% at 21.10 pence Thursday mid-morning.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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