Colourgen bullish about drop in sales?
Colourgen is being bullish about an eight percent drop in revenue for the year ending June 2009. Jeff Biggs, managing director of Colourgen, whose revenue fell to ?11m, said: "In a year which has seen the overall large-format print market shrink by more than 20%, our eight percent revenue drop represents a significant achievement. We have retained profitability despite the global recession and the weak pound, while maintaining a healthy balance sheet and strong lines of credit. We also took full ownership of our AmBer Centre premises in Maidenhead, which puts us on an excellent financial footing for the future."