The company’s revenue for the year was $57.25m a 5 per cent increase on the year before, which includes 2 per cent organic growth in the UK and 5 per cent in Australasia.

During the year Wellcom exited the commercial print market with the sale of its 50 per cent interest in web offset printer Kinkaid (trading as Cadillac Printing), and closed sheet-fed operations in Queensland, in order to focus on core business activities.

Wayne Sidwell, executive chairman of the Wellcom Group says, “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.”

Also during the year the Group completed the 100 per cent acquisition of print management venture iPrint, however the impact of the move did not show in this year’s report.

The company has increased net operational cash flow by 5 per cent to $11.7m, compared with $11.1m in 2010. At June 30, Wellcom had no net debt compared with $200,000 the year before, which the company says provides it with the flexibility to pursue growth opportunities as they arise.

Company directors have declared a fully franked final dividend of 9 cents per share. This results in full year dividends of 16.5 cents per share, an increase of 18 per cent from the year before.

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