Print and digital “dual focus” tops PMP’s agenda

Alley said: “The board, the shareholders and I started this journey three years ago and we will continue along the same path together until the goal is complete.”

In its recent financial report, PMP revealed that Allely was paid more than $1.2m last year, comprising $400,000 of short-term incentives on top of his $855,750 base wage. The new package, which runs until June 2014, is for $780,000 plus short-term incentives, which were not published.

Allely said PMP would keep pushing into the new media space while continuing to seek high performance in print and distribution.

“Roger Colman a media analyst at CCX Statton Equities said that we have the highest margin of any print business in the world, and I know that this is the highest margin that I have seen with PMP,” he said.

“The challenge for us is to meet the revenue decline of our print business with our cost curves declining at a more rapid rate, plus increasing the margins and revenues in our digital and marketing business.”

Part of this expansion has been the appointment of Anna Cicognani as executive general manager for marketing services.

“I am delighted that Anna accepted this role as I believe that she is the best the person in the country for this role,” said Allely.

“Her experience and capability complement the strategic focus for the group to achieve our full potential in the marketing services sector.”

Under Allely’s reign, PMP has been posting its best profit margin in years, though print and distribution revenues took a knock in its most recent financial results.

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