Wellman Plc has reported pre-tax profits up 118% at ú4.1m for the six months to September 30, after completing a reorganisation following its takeover of various businesses from FKI Plc. Turnover rose 114% to ú56.8m, and the interim dividend was 0.45p, up 12.5% from last year. The order book was up 11% at ú50m. The company’s Data Recording division showed a pre-tax profit of ú500.000 on turnover of ú12.8m. According to newly-appointed chairman Hugh Stewart, the result was influenced by higher sales at Columbia International, where there was strong demand for thermal transfer products. The division includes the former Newbury Data, a manufacturer and reseller of printers and other peripherals, one of the businesses bought off FKI.
