While sales for the printer manufacturer were down in New Zealand, it wasn't by much. For the year ending 31 March, 2011, the company posted New Zealand sales of $67.2 million, down from $69.8 million.
The bottom line changed little, coming in with a $4.6 million profit - only slightly down from the $4.9 million it earned the previous year.
Bucking the slight downward trend was the companies gross profit margins and inventory levels. Its gross profit margin improved by close to 1 percent in the 2011 year to a healthy 37.9 percent. While its overall inventory level increased by 8 percent to finish the year with $11.4 million in stock. This increase was made up of a big increase in the goods in transit at the time of closing of the financial year, while finished goods in stock actually fell.
All in all a good result for the local operation, with many other similarly positioned vendors experiencing much tougher results.