Imagelinx picks up the pieces after US exit

Imagelinx, which puts companies' logos onto printed packaging, says operating profits will be close to market forecasts for 2011.

Imagelinx, which puts companies' logos onto printed packaging, says operating profits will be close to market forecasts for 2011.

The news comes despite what Imagelinx describes as "difficulties disengaging" from its US business.

Costs associated with exiting the north American market were around £0.4m. Despite that, net cash balances at the end of the year were £500,000.

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Imagelinx says sales in the last quarter of 2011 have lifted the prospects for this year.

The firm's shares are down 0.33% this morning but over the last 12 months the stock has dropped 64%.

BS