28-07-2006 - Printing.com - AFX News - Printing.com warns trading soft, transaction volumes below expectations
LONDON (AFX) - Printing.com PLC has warned that current trading remains soft with transaction volumes below expectations though ahead of last year.The printing company is taking a cautious view of market expectations in the short term, but is confident of long-term growth, chairman George Hardie said in a statement prepared ahead of today's AGM.
He said short-term performance is also being impacted by investment in capacity expansion.
The expansion project, expected to be completed imminently, will increase capacity from around 20-25 mln stg of total retail sales to 40-45 mln, the chairman said.