17th Jul 2015 06:57
LONDON (Alliance News) - Printed materials and services company Grafenia PLC said Friday that its trading has continued broadly in line with its internal budget since it announced its full-year results in June.
In a statement ahead of its annual general meeting, the company said that its Marqetspace business, which sells print online to professionals, has shown progress, and it expects revenue in this segment to hit an annualised monthly run rate of GBP2 million by September.
In its Nettl business, which sells websites and print, Grafenia believes it is on track to meet its target of increasing its partner network to 75 by the end of its current financial year ending in March 2016, compared to 25 at the end of its most recent financial year.
At the time of its full year results last month, Grafenia had said that its trading in April and May had been softer than anticipated, but that June appeared more encouraging, and at that time said it expected Marqetspace to achieve an annualised monthly run rate exceeding GBP3 million in the current year.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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