The Channel logo

News

By | Team Register 17th February 2005 16:37

Northamber doubles interim profit

Chilly January but sunny days ahead

Northamber shrugged off a weak January and expressed confidence in the year ahead after reporting profits more than doubled in its first half.

The UK distie yesterday announced sales were £124.5m for the six months ending 31 December, up 8.3 per cent on the year. Pre-tax profits came in at £1.36m, up 106 per cent on the same period in 2003.

Northamber said the performance was all the more “encouraging”, given price erosion on many of its volume lines. At the same time, it said, the figures reflected its continuing reduction in overheads.

Looking at the first half of 2005, Northamber said January proved weak across the entire sector, but “February appears to be returning to expected levels of activity.” The board remains confident in the outcome for the full year, subject to the performance of the wider economy.

Northamber as set an interim dividend of 2 pence, compared to the 1.1 pence paid last year. ®

Related stories

http://www.theregister.co.uk/2004/09/28/northamber_fy04_results/

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs