The Woking-based UK and West German peripherals distributor CPU Computers Plc reported a 38% fall in pre-tax profits to UKP534,000 on turnover up 29% to UKP60.4m in the year to December 31. CPU, in which the French company SCOA SA has a majority stake, said that profits were hit by net interest and similar charges which amounted to UKP933,000 – double the figure for last year. Earnings per share fell 72% to 1.23 pence and a maiden dividend of 0.62 pence is proposed for the year. The company described its first half UK performance as steady growth, but chose the adjective moderate to convey its growth pattern in the UK in the second half. It also said that following the restructuring of its German business, the outlook in this geographical market was good for 1990, adding that its Austrian operation is now looking buoyant.
