Northamber Plc did even better than expected in the first half (CI No 833) with pre-tax profits up 85% at UKP1.86m and turnover almost doubled at UKP24.9m (results on page five): the slight drop in margins is down to increased sales of personal com-puters – PCs carry lower margins than the company’s traditional pro-ducts such as printers; chairman David Phillips confirms in his statement that Northamber has been appointed as an IBM micro distributor; the statement warns that cash flow might come under pressure if the new distribution business lives up to expectations, although anal-ysts were told yesterday that the company could again double turnover on current resources; the board is confident of a satisfactory outcome for the full year although, according to one analyst, it is trying hard to dampen down expectations – City estimates are in the region of UKP4.5m for the full year but UKP5m does not seem far fetched; the shares rose 14p to reach 247p.
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