The Channel logo

News

By | Kelly Fiveash 5th October 2007 10:39

Northamber blames Vista, weak dollar for revenue slide

Distie feels the crunch

IT distributor Northamber has seen revenue for the year ended 30 June 2007 tumble to £182.2m, down a hefty £22.2m on its 2006 figures.

The Surrey-based firm's chairman D M Phillips blamed the slow adoption of Microsoft's Vista and the weakness of the US dollar for putting a dent in Northamber sales.

Stock turns were down to 14.5 from 21 the previous year. The distie attributed that slide to longer lead times set by vendors pre-occupied with sourcing and shipping to China.

Pre-tax profit was said to be up to £592,000 compared to £434,000 for 2006, a large chunk of which (£0.27m) was due to an increase in investment revenue.

Earnings per share also rose from 0.75p to 3.62p year-on-year. Northamber said these were enhanced by the release of a deferred tax provision of £0.70m.

Phillips, who said trading for the past few months had begun to improve at the firm, said: "With a likely tightening in the availability of credit, it remains to be seen if this improvement can be sustained.

"Subject to the state of the economy as a whole and our own performance within our sector, your board is cautiously confident in the outcome for the new trading year."

Northamber shares are currently trading at 67 pence on the London Stock Exchange, up 0.75 per cent on the previous close. ®

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