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

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever