The Channel logo

News

By | Drew Cullen 28th September 2004 16:29

Cost cuts bear fruit for Northamber

Profits up

Northamber has turned in a healthy profit on the back of two years of cost trimming. The pan-UK distie expresses confidence for this year too, pointing to increased market share for its franchises, as well as better market conditions.

For the full year to 30 June 2004, The company produced a pre-tax profit of £2.2m (FY 2003: £422,000) before an exceptional property-related loss of £393,000 following the assignment of the lease of the former principal trading property. Sales were down a little to £233m (FY 03, £240m), reflecting price erosion, albeit at a reduced rate from recent years, the company says.

Also chairman David Philips notes its continued "avoidance of loss making sales of mere revenue products", enabling it to reduce total overheads by 8.3 per cent. Average staff numbers during the year fell10.7 per cent to 299 and property costs are down. Upshot: a 3.4 per cent percentage increase in gross profit margin. Northamber ended the year with £9.15m in the bank and nil debt. Which is nice for a distie these days.

The board is to recommend a final cash dividend of 3p (net), taking the full year tally to 4.1p (FY 03: 3p).

More here (PDF). ®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar