Domino Printing cautious over outlook despite higher sales

 
Oliver Smith
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BRITISH-based Domino Printing Sciences, developer of ink jet and laser printing technology, revealed moderate growth but warned of difficult market conditions in its interim management statement yesterday.

Sales in the 10 month period ending August 2013 were seven per cent above the same period in 2012.

The company warned that market conditions remained difficult and in India the company warned of signs of market deterioration.

“We therefore remain cautious about market conditions in general but remain confident that current growth levels will be maintained for the year as a whole,” the company said.

Shares in Domino fell three per cent yesterday, closing at 650p.