ST. PAUL, Minn. – Check-printer Deluxe Corp. yesterday said its fourth-quarter profit fell 15% to $40.2 million, or 77 cents a share, as revenues declined by 3%.
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Checks sold through financial institutions recorded a slight increase in revenue, while revenue from checks sold directly to consumers fell.
Revenue from the company’s small business services operation was $15.1 million lower than the previous year, primarily due to the sale of the industrial packaging product line in January 2007, which accounted for $13.6 million of revenue in the fourth quarter of 2006.
Still, net income for the full year rose 40% to $143.5 million.
