LONDON (Alliance News) - Grafenia PLC Friday said trading across the group continues to be broadly in line with expectations and ahead of the same point in the previous year.
The printing services company said new print reselling initiative, Marqetspace, has successfully launched and is generating revenues with early indications showing material growth in the coming months.
The company also said its new 'cross media' franchise, Nettl, will launch at the National Franchise Exhibition, in early October, which will return the group to the franchising arena in which it enjoyed success.
The news comes after the company in June 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 had proposed a total dividend of 1.33 pence, down from 2.55 pence a year earlier.
Grafenia shares were untraded Friday; they were last quoted at 19.25 pence.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
Copyright 2014 Alliance News Limited. All Rights Reserved.