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Share Price Information for Northamber (NAR)

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Share Price: 42.50
Bid: 42.00
Ask: 43.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.381%)
Open: 42.50
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Low: 42.50
Prev. Close: 42.50
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Northamber Buys Warehouse In Swindon For GBP3.2 Million

Fri, 13th Dec 2019 14:45

(Alliance News) - Northamber PLC on Friday said it has purchased a freehold warehouse facility in Swindon for GBP3.2 million in cash.

Shares in Surrey-headquartered Northamber were down 3.1% at 51.36 pence in London in afternoon trading.

The 51,000 square foot facility is located within the Westpoint Industrial Estate and was built in the late 1980s. It is close to major road networks and to IT equipment distributor Northamber's courier partner.

The GBP3.2 million is to be funded using Northamber's existing resources.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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14 Dec 2022 15:59

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8 Dec 2022 15:45

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Copyright 2022 Alliance News Ltd. All Rights Reserved. 

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IN BRIEF: Northamber cuts dividend after swing to annual loss

Northamber PLC - London-based distributor of audio-visual and information technology equipment - Swings to a pretax loss of GBP447,000 for the financial year that ended on June 30 from a profit of GBP385,000 the year before, as administrative costs rise by 21% to GBP3.4 million from GBP2.8 million. Says the fall in the value of sterling "translated into a swing from a foreign exchange profit of GBP223,000 in 2021 to a loss of GBP164,000 in 2022". Turns to an operating loss of GBP452,000 from a profit of GBP377,000 the year before. However, revenue is up 10% to GBP66.3 million from GBP60.0 million the year before.

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