View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 16, 1987

NORTHAMBER 1. HALF PRE-TAX PROFITS UP 85% AT UKP1.86M

By CBR Staff Writer

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.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU