Wellcom (ASX:WLL) FY10 profit up 14% to $7.7m

Wellcom (ASX:WLL) FY10 profit up 14% to $7.7m

Web print and digital asset management company Wellcom Group (ASX:WLL) has reported a 14% increase in FY10 profit to $7.7 million, thanks to growing sales and cost controls.

The company lifted its revenue 3% to $80.9 million, due to what Wellcom executive chairman Wayne Sidwell called “strong organic sales growth in the Australasian pre-media business.”

Ebitda grew 6% to $14.3 million, while earnings per share were up 14% to 19.55 cents.

Wellcom has declared a dividend of 14 cents per share. WLL shares are today trading 5.26% higher at $2.000.

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