Salmat profits jump 68 per cent

Salmat's revenue rose 14.2 per cent to $602.4m, up from $527.5m from last year, while net profit after tax rose to $44.3m from $26.2m last year. Both figures rose with the help of acquisitions and organic growth.

Salmat has of course just had its $318m bid for its biggest transactional print rival HPA accepted, with the deal slated to go through in October. In addition to printing Salmat also has major telemarketing divisions and a home catalogue distribution division. Its telemarketing business SalesForce was its best performer, its revenue rising 35.4 per cent with pre-tax profits rising by 101 per cent.

Its move into on-line shopping will come with the launch of the lasoo.com.au website. Aimed to capitalise on the booming online advertising market, lasoo will offer a price comparative service for consumers, aiming to attract ads from retailers.

Salmat is one of the biggest business success stories in recent years, it was founded by Peter Mattick and Philip Salter, who still manage the company, in 1979 as a letterbox distribution business. It went public in 2002, its shares are now double its listing price.

Salmat operates in every Australian capital city, as well as New Zealand, Hong Kong and Taiwan.

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