Printing profits show marginal increase
July 12, 2004 By Pulp & Paper Canada
Printing industry profits have shown a marginal increase compared to last year. According to the 2004 PIA/GATF Rati…
Printing industry profits have shown a marginal increase compared to last year. According to the 2004 PIA/GATF Ratios Survey, profits have not yet returned to the rates seen in the mid-to late 1990’s but are continuing to improve nonetheless.
The average printer’s before tax profit was 1.7%. Although indicative of a modest increase, profits remain lower than the 1.9-% achieved during the 1990-1991 recession.
Profit leaders are those in the top 25% of profitability and they continue to experience significantly better results than their counterparts. Printers in this percentile enjoyed profit increases to 8.7% of sales. However, comparatively, these profits are also marginal considering profits of 8.9% were reached during the recession and peaked at 10% between 1999-2001.
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