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Birmingham Post
Birmingham Post
Business
Jon Robinson

Grafenia brands last six months as a 'real-life Squid Game' as half-year results revealed

A Manchester-based printing and software firm has branded the last six months as being like a "perverse, real-life Squid Game" as it revealed its half-year performance.

Grafenia has posted a turnover of £6.3m for the six months to the end of September 2021, up from the £5.2m it reported for the same period in 2020.

The AIM-listed business has also confirmed its pre-tax losses were cut from £1.2m to £780,000.

READ MORE: CMA to move more than 200 jobs to Manchester with new digital hub

The company, in a statement to the London Stock Exchange, said the last six months had been like the worldwide hit TV series Squid Game which streams on Netflix, "but without the teal tracksuits and ball of cash".

In a statement, the company said: "We're currently in the second half of our financial year. Trading in October was ahead of last year and November should end better than last year.

"We've come out of the pandemic in better shape than we went into it. We're focusing our attention on building more recurring revenue streams. That's by a mix of buying software companies. And by building tools to licence to professionals in the graphic arts, print and sign sectors. And to give our Nettl stores and partners access to the best systems, to deliver a client experience that's beyond what they're used to.

"Who knows what the next black swan event will be. As your granny probably told you, worry is just a misuse of your imagination.

"So we're using ours to imagine a future, where Nettl is at the heart of every community. And building for that day."

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