The Channel logo

News

By | Joe Fay 11th November 2010 11:47

Northamber sees sliver of light in Q1

Good times just around the corner etc

Veteran disty Northamber reported "positive progress" today as it unveiled its interim management statement.

In a comparatively numbers-free statement this morning, chairman David Phillips said: "After the challenging trading conditions of very recent years, it is pleasant to be able to report positive progress and support my cautiously optimistic statement in the recent annual report."

He said that "with the added benefit of some newer areas of activity", first quarter turnover was up on the year and on the previous quarter.

Those additional sales were lower gross margin, he added, but "the net result was increased pre-tax profitability but at a slightly lower overall gross margin".

The penny-conscious firm managed to further drive down operating costs, with the net result of managing to move into an operating profit compared to last year's operating loss.

That said, the firm sounded notes of caution on everything from the "future" and the economy to "the cuts" and VAT rates. ®

alert Send corrections

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on