MARKETING specialist Communisis reported a strong increase in operating profits after signing up a number of new blue chip customers including Boots, Nationwide and Virgin Money.
The Leeds-based group said profit from operations, before exceptional items, rose 19 per cent to £9.4m.
After exceptional items, profit after tax fell from £4.4m to £4.1m.
The exceptional costs were related to the group’s restructuring programme.
Communisis has invested in high-speed colour digital expansion at Leeds and Liverpool to create UK centres of excellence.
The group said it has completed its restructuring programme at its manufacturing facility in Leeds.
Site consolidation has reduced the number of operating units and office locations from 14 to 10 and a new central London office has been established.
Communisis chief executive, Andy Blundell said: “Our 2011 operating results before exceptional items showed a marked improvement on 2010 and signalled the group’s continued success in executing its strategy as a leading UK marketing services provider.
“The macro-economic environment presents a blend of risks and opportunities and Communisis is well positioned to respond to both. “Trading in the early weeks of 2012, together with new and existing customer prospects, support our expectation of further financial progress for the current year as a whole.”
At the end of last year Communisis was awarded Gold Certification by the Chartered Institute of Purchasing and Supply. CIPS described the company’s sourcing processes as “world class”.