The company, which owns Hannanprint, Offset Alpine and Craft Inprint, reported revenues of $489m for the full-year to 30 June 2011, a 3.9% fall from last year’s sales of $508.7m.

Despite the slight dip in turnover, IPMG’s post-tax profit for 2010/11 was $2.9m, a 21% increase over the $2.4m reported a year ago.

IPMG chief executive Stephen Anstice told ProPrint: “Although an improvement on last year, the results are not good enough, volume and margins in print are still too low and the advertising market is anaemic.”

In regards to the improved profits-to-sales ratio, Anstice said: “No work is at better margins. All improvements are due to improvements in our business.”

One of the biggest recent wins was with Pacific Magazines, whose printing work was previously held by long-term incumbent supplier PMP.

While neither IPMG nor PacMags would give specific details, it is believed that most of the publisher’s long-run titles have gone to Hannanprint, with a handful to be produced at Offset Alpine.

“We have had a long and successful relationship with Pacific. Our ability to do more work has been constrained by the long-term contract signed at the time of the sale of the magazine business by PMP,” said Anstice.

“We have great admiration for the management at Pacific and are confident in its ability to sustain and grow the magazine publishing business and our ability to support them with full-service printing.”

IPMG has continued to push into communications and new media segments, with companies such as interactive agency Blackglass, PR and marketing providers Max Australia and Spectrum, and online publisher Independent Digital Media.

“Printing is still the major contributor, but digital is showing significant growth and we have had some good wins in the last few months,” said Anstice.

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