Print and packaging group Clondalkin could become an international company of some stature if ambitious objectives are achieved. The group, which this week reported on another solid year of income and profit growth, has its sights set on achieving significant growth in cash flow and earnings per share. Clondalkin, now valued at around £260 million on the stock market, believes it can double in size every five years and within a decade could possess a market capitalisation of around £1 billion.

Annual results this week from the group reflect benefits from the wide geographical spread of the business. Strong fundamentals assisted a continuance of growth with turnover, pre-tax profits, earnings per share and cash flows all briskly moving ahead. Group sales grew 31 per cent to £391 million and pre-tax profits advanced 22 per cent per cent to £27 million.

Shareholders receive higher total dividend payments of 7.26p a share which, while lagging behind the earnings appreciation, are in line with the group's emphasis on enhancing shareholder value.