The Channel logo

News

By | Team Register 17th February 2005 16:40

Bell swings into full year profit

Euro ops boost Q4 margins

Bell Microproducts yesterday reported a 140 per cent increase in fourth quarter profits.

The distributor’s revenues in the period ending 31 December were $808m, up 26 per cent on the year, while net earnings were $5.8m, compared to the previous year’s $2.4m.

For the full year, sales came in at $2.8bn, up 27 per cent on the year, while net earnings were $11.3m, compared to the previous year’s $4.5m loss.

Improvements at Bell’s European operation underpinned an improvement in gross margins from 7.5% to 8%.

President and CEO, Donald Bell, said the company’s growth rate was 27 per cent, compared to 10 per cent for the technology distribution sector overall. He expects to boost the company’s share in the current year. ®

Related stories

Bell Micro buys UK distie
Bell Micro picks boss for Europe

alert Send corrections

Opinion

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world