Pre-media and print manager Wellcom has logged double digit revenue growth and strong profit for its half-year results.

The multinational company’s net revenue was bolstered by 26 per cent to $52m, up from the prior corresponding period’s $41.4m

Wellcom’s statutory revenue also climbed an impressive 47 per cent to $80m, trumping last year’s $54m, and profit after tax delivered a 16 per cent jump to $5.3m.

Executive chairman Wayne Sidwell credits business growth to a number of overseas acquisitions and expansion in UK operations.

“The increase in net revenue has been driven by the acquisitions of Dippin’ Sauce (US) and Addictive Pixel (UK), in conjunction with organic sales growth across all segments,” the results statement reads.

The business win is particularly significant following the financial disruption caused by retail clients Dick Smith-which recently went into receivership- and unprofitable hardware store Masters.

However Wellcom forecasts the 2016 full-year results are likely to suffer as a result of the unbeneficial clients and a market plateau.   

“A strong first-half to the financial year is likely to be tempered slightly in the second half of the year with subdued market conditions and uncertainty surrounding the ongoing viability of some retail clients including Dick Smith Holdings and Masters,” says the company.

The print manager also says it expects to pay a fully franked interim dividend of 9 cents per share, also up from last year’s 8.5 cents. It attributes ‘reliable operating cash flows and a strong balance sheet’ to the 6 per cent dividend rise.

Wellcom has its sights set on ‘complementary acquisition’ plans to strengthen its worldwide market position and boost production muscle.

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