Management Report and Accounts for Q2 2011 out. Turnover up by 91.2%!!!

As an open and transparent business Print Hut enjoys showing off it's performance, turnover and profits before tax to anyone who takes an interest in our model of Ultra Wholesale Printing.
Below is a summary of business activities during the months of July, August and September, commonly known as Q2;

We aren't accountants but a straight talking printing company,  so cut out all the waffle and present our figures in three simple lines:
1. profits
2. Turnover
3. Profits as a % of turnover

Summary
Despite the news of doom and gloom continuing across the economy, Print Hut have yet again shown that you can substantually increase turnover and maintain reasonable margins. However, a dip in profits has to be expected and this has surfaced as an acceptable 5.63% fall.
This quarter has been about improving internal processes and order process efficiency. 'Conker' our purpose built software has undergone further upgrading allowing larger organisations to run their very own version in parallel to our production centre in St. Neots as well as improved purchasing auditing.
Prepress activity such as graphic design and artworking has been one of the most notible successes this quarter and in response we have upgraded our hardware and software with the installation of a new IMAC.
Unexpected additional costs were incurred during July with the modification to our entry security, whilst new signage has given the business a bit more visibility as foot fall within the business centre at Little Paxton, St.Neots is expected to increase during 2012. Staffing hours have also risen in response to increase business with 'CA' working 24 hours per week and plus covering additional hours where necessary.

Frank Golden

1. Turnover excluding VAT, which most businesses chuck in to increase the appearance of turnover.
WE DONT..............

Sales Invoices: £402,779.00
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2. Profits
Profits are gross profits not taking into account wages, rent, directors dividends or tax on profits known as Corporation Tax.

Therefore we use the following calculations;
For profits as £:
Sales (ex vat) minus manufacturing costs (ex vat)

For profits as %
Sales (ex vat) minus costs (ex vat) divided by sales (ex vat)
example: £50 - £25 / £50 = 50%

Profits: £53,654.46
Profits as %: 13.32
Turnover: £402,779.88

How does this compare to same time last year?

Results for Q2 2010
Profits: £39918.50
Profits as %: 18.95
Turnover: £210,654.93

Like for Like 2010/2011 Q2 outcome:
Turnover up by 91.2%
Profits up by 34.4%
Profits as % down by 5.6%