Catalist-listed Communication Design International announced today net profit attributable to shareholders of $1 million for the year ended 30 June 2010 (FY2010), reversing a loss of $3.8 million in FY2009, after it wound up a non-performing unit, cut costs and sharpened its business focus.
The international marketing and communications specialist said the strong turnaround in full year performance was achieved despite a 10.4% fall in FY2010 revenue to $30.7 million mainly due to a major customer discontinuing orders and the absence of new sales from UK-based Above Consultancy which it began winding up in June 2009.