The diversified pre-media and digital firm’s net profit fell 32% year-on-year to $3.6 million for the six months to 31 December 2012. Profit margins also declined, from 11% to 9.2%.

Revenue fell 19% to $38.7 million, with Australasia's share falling 20.9% to $33.9 million.

Wellcom ended the first half with $15.2 million of cash and "also has $8.07m of unused facilities providing further capital to pursue opportunities that may arise".

The half included print management contract wins with National Australia Bank and Commonwealth Bank.

[Related: Wellcom boss makes 2012 Power 50]

Wellcom said it had also signed a pre-media deal with stationery firm Kikki K and pre-media and photography deals with clothing retailers Long Tall Sally and LK Bennett.

Executive chairman Wayne Sidwell said: "This has been a period of consolidation and investment in the future of Wellcom.

"In response to recent pricing pressure, management has implemented cost management initiatives, including the establishment of a Malaysian centre of excellence, which together with new client wins and significant internal investment in current and future technology products is expected to deliver solid growth for the years ahead."

Wellcom said it has clients in Australia, New Zealand, Singapore, Malaysia, the US and UK, including Woolworths, Australia Post, L'Oreal, ANZ, Ford, Optus and Harrods.

[Related: More finance news]

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