Net loss for the first half to December 31, 2008 was $11.1 million down 116.3 per cent on the $68.1 net profit in the prior corresponding period.
Chairman Graham Reaney said "this was a very disappointing result especially given the investment made over the past few years in the core Print business".
Earnings before interest and tax for PMP (pmp.ASX:Quote,News), excluding significant items, was down to $33.5 million, largely due to inefficiencies in the Print business, combined with lower average selling prices and higher labour costs, he said.
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