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

Chris Mellor

How long before Blue Big HQ pulls the plug on the whole thing?

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust