focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGRA.L Share News (GRA)

  • There is currently no data for GRA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grafenia Loss Widens Despite 40% Increase In Revenue; Trading Mixed

Mon, 11th Jun 2018 10:24

LONDON (Alliance News) - Grafenia PLC said Monday its annual loss widened despite a 40% increase in revenue.

For the year to March 31, the graphics arts software developer posted a pretax loss of GBP1.2 million compared with a pretax loss of GBP987,000 million in the year ago period. Revenue increased to GBP14.6 million from GBP10.4 million in the same comparative period a year ago.

The company said that Litho print revenue has been declining due to decreasing prices across the marketplace.

"Given that a significant part of our production cost is fixed, any decrease in print revenues immediately causes our contribution margin to decline," the company said.

Chairman Jan-Hendrick Mohr said the company's stores have been improving in the last year "but are still not where we would like them to be".

"Some stores are losing money, partly due to the terms of leases signed many years back. I strongly believe that improving own studio performance is the proverbial lowest hanging fruit," he added.

Mohr said that current trading for the year is "mixed" as print revenue continues to be under pressure.

Shares were trading down 5.1% at 14.00 pence.

More News
19 Feb 2015 11:51

Grafenia Full-Year Pretax Profit To Fall Short Of Market Expectations

Read more
10 Nov 2014 10:40

Grafenia Ups Dividend, Cautiously Optimistic Despite Print Fall

Read more
9 Oct 2014 09:33

Grafenia First-Half Expectations In Line, But Warns On Competition

Read more
18 Jul 2014 08:44

Grafenia Says Trading Broadly In Line With Expectations

Read more
3 Jul 2014 15:25

DIRECTOR DEALINGS: Grafenia Directors Transfer Shares

Read more
9 Jun 2014 10:45

Grafenia Lowers Total Dividend As Pretax Profit Declines

LONDON (Alliance News) - Grafenia PLC Monday lowered its total dividend for the year to end-March, as pretax profit declined, hit by declining revenues in its Printing.com businesses. The printing services company proposed a total dividend of 1.33 pence, down from 2.55 pence a year earlier.

Read more
7 Apr 2014 13:48

Grafenia says software sales rise as trading meets hopes

Graphic design group Grafenia hailed higher sales from its flagship W3P software as it reported trading in line with hopes. Grafenia, previously known as Printing.com, said sales of web-to-print software W3P were still gaining momentum with an extra 30 sign-ups in the final quarter of the financial

Read more
7 Apr 2014 11:40

UK MIDDAY BRIEFING: GlaxoSmithKline Investigates Iraq Allegations

LONDON (Alliance News) - Pharmaceuticals giant GlaxoSmithKline has confirmed that is investigating allegations of improper conduct in its Iraq business.

The Wall Street Journal had cited a person familiar with the matter saying that Glaxo was violating US and UK ant

Read more
7 Apr 2014 10:41

UK WINNERS & LOSERS: Tech Stocks Among Biggest FTSE Losers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

-------

FTSE 100 - WINNERS

CRH, up 0.7%. The building materials group is receiving a boost from some merger and acqui

Read more
7 Apr 2014 07:25

Grafenia Expects Results To Be In Line With Its Own Hopes

LONDON (Alliance News) - Grafenia PLC Monday said it expects its results for the financial year that just ended to be in line with its own expectations, after trading continued in a similar vein to the positive update it gave back in mid-January. In a statement, the company said sales of it

Read more
16 Jan 2014 11:11

Grafenia Says Trading Has Met Its Hopes Since November

LONDON (Alliance News) - Grafenia PLC Thursday said trading has continued in line with its revised internal expectations since its last update at the start of November, with sales of its key product gaining momentum. In a trading update, the company which used to be called Printing.com said

Read more
4 Nov 2013 12:45

Grafenia More Than Halves Interim Dividend On Declining Revenue, Pretax Profit

Read more
8 Oct 2013 12:41

Grafenia warns on profits after tough summer

Printing and graphic design group Grafenia warned on full-year profits after lacklustre summer sales and due to the costs of establishing the Group's service as an offering (Saas) products. However, while the company said sales volumes between July and August were disappointing it also stated t

Read more
8 Oct 2013 09:35

Grafenia Shares Drop 16% On Profit Warning

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.