The diversified business, which includes label converting, substrate production and print management, posted sales of $30.6m in the six months to 31 December 2010, up 6.3% year-on-year.

It saw 13% growth in EBITDA (earnings before interest, taxes, depreciation and amortisation) to $4m, and pre-tax profits of $3m – a 9.8% rise.

The figures do not include the full impact of the two big blue-chip print contracts it won last year: a $10m print management contract with Qantas, previously handled by IPMG’s Sync Communications, and a $7m label contract with Coles, which had been produced by Labelmakers Group.

TMA managing director Anthony Karam told ProPrint: “We saw both those contracts starting to ramp up in the month of December so we haven’t had a full reporting period.

“We expect those two contracts to have a far greater impact in the second half of the year.”

He said that TMA would continue to expand print management, both through organic growth and strategic acquisitions.

“We are looking at acquisitions in the print management space. We are actively looking at acquisitions in that space. But as with any acquisition, it has to be the right acquisition. We are not in the business of just bolting on companies to build mass,” he added.

Overall, Karam said that “the results are moving in the right direction. The company is growing and were are managing to maintain and improve our profitability.”

However, he added that “non-print activities are growing at a far greater rate” than converting or print management.

“Print is very very competitive and it’s a market that had been commoditised, so it’s very hard to differentiate our product. We are deriving more profits from our technology businesses.” 

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