In its annual results for the 12 months to 30 June 2011, Wellcom posted revenue growth of 5% to reach $57.25m. Post-tax profits increased 19% up to $9.15m.

Wellcom undertook some major changes over the year as it “exited sheetfed and web printing” to become a “pure digital media” company.

Meanwhile, it also acquired 100% ownership of its iPrint print management venture, though the impact of this was not booked in the period.

Wellcom chief executive Wayne Sidwell (pictured) said he was “delighted” by the results.

“Organic sales growth has been achieved across the group with the UK pre-media operation contributing a particularly pleasing result following completion of the business’ restructure in the prior year.

“In the 2011 year, earnings increased 39% and we expect to achieve higher earnings and returns in the current year.”

Sidwell added that in light of full-year contributions from contractual wins, studio implementations and continued improvement in the operating performance of the UK pre-media business, Wellcom was optimistic of full-year earnings per share growth for the 2012 financial year.

The report said Wellcom is now “established in the Asian market” thanks to setting up Singapore and Malaysian operations and it expected to feel the positive effects of this in the coming year.

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