The Channel logo

News

By | Joe Fay 27th April 2012 07:00

Northamber lay-offs put it in the red

Back in profit at operating level, though

Northamber headed itself off from reporting a profit for the third quarter after it trimmed its workforce in the face of declining sales of volume products.

The veteran distie said in a trading statement yesterday it enjoyed an "encouraging" quarter but in typical Eeyore-ish style said it is too early to determine if "green shoots are assured".

The firm returned to operating profit in its third fiscal quarter, as it continued its effort to shift away from volume products and vendors. It said it had reduced its rate of revenue erosion, and third quarter revenues were only £609,000 lower than the previous quarter.

But the erosion of volume sales prompted it to cut logistics staff numbers, which came at a cost.

"But for the redundancy costs, the Company would have been profitable for the quarter at the pre-tax level," it said in the statement.

Overall, it said, "We remain cautious for the remainder of the current financial year albeit perhaps with a little more optimism than we observed several months ago." ®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers