Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNorthamber Share News (NAR)

Share Price Information for Northamber (NAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 38.50
Bid: 37.00
Ask: 40.00
Change: 0.00 (0.00%)
Spread: 3.00 (8.108%)
Open: 38.50
High: 38.50
Low: 38.00
Prev. Close: 38.50
NAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Northamber Swings To Interim Profit And Triples Dividend

Tue, 03rd Mar 2020 11:45

(Alliance News) - Northamber PLC said on Tuesday raised its interim dividend as it reported a swing to profit on increased revenue.

For the six months to the end of December, the IT equipment distributor swung to a pretax profit of GBP10.0 million from a GBP353,000 loss a year prior. Revenue rose 8.4% to GBP26.3 million from GBP24.2 million.

Gross margins increased to 8.8% from 8.4% year-on-year.

The improvement in revenue and margins was attributed to growth from areas such as Audio Visual and Solutions.

Cash as at December 31 stood at GBP14.7 million, up from GBP2.9 million at the end of 2018.

Northamber proposed an interim dividend of 0.3 pence, up from the 0.1p payout a year prior, citing its strong balance sheet.

Looking ahead, Acting Chair Geoff Walters said: "Whilst we are optimistic in the long-term strategy, we remain cautious due to the economic uncertainty, Brexit and the potential impact of coronavirus on the supply chain. Our continued focus on the new higher margin value categories continues to be an area we are confident and excited about, and where we see future opportunities for organic growth."

Former chair David Phillips died in December.

The stock traded 15% higher at 67.50p each on Tuesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
16 Jan 2014 06:19

UK Dividends Calendar - Week Ahead

Read more
15 Jan 2014 06:26

UK Dividends Calendar - Week Ahead

Read more
14 Jan 2014 16:02

UK Dividends Calendar - Week Ahead

Read more
7 Oct 2013 11:28

Northamber Swings To Loss, Makes Redundancies As PC Market Declines

Read more
4 Jul 2013 11:38

Northamber plans to drop down to Aim

Trade computer equipment distributor Northamber has proposed to move from the official list to Aim to cut costs. The board of the Fledgling company said it believed a junior listing would provide a market and environment more suited to the company's size and would simplify its ongoing administrati

Read more
14 Nov 2012 15:28

Northamber warns of uncertainty ahead

Computer hardware supplier Northamber's share price decline shows no sign of abating following a disappointing trading statement for the first quarter on Wedesday. The company warned that.turnover in the first quarter was "marginally lower" than for the final quarter of the previous financial year,

Read more
26 Aug 2011 08:27

Northamber swings into the red

Computer hardware supplier Northamber moved into an annual loss as it battles against slowing sales and endemic price erosion. The Surrey-based firm reported a full year pre-tax loss of £106,000, the first full year loss in 18 years, compared with last year's £258,000 pre-tax profit. Northamber a

Read more
11 Nov 2010 18:03

Northamber still cautious despite strong quarter

Computer hardware supplier Northamber enjoyed a strong first quarter but government spending cuts and the hike in VAR makes management cautious about the future. Revenues grew in the three months to September 2010, helped by newer products. Gross margins declined but pre-tax profit was still high

Read more
7 Sep 2010 15:39

Northamber cautiously optimistic

Northamber, the distributor of information technology equipment, saw a sharp increase in pre-tax profit last year from a low base the year before, largely as a result of substantially reduced administrative costs. Profit before tax in the year to 30 June was £258,000, versus £47,000 the year before

Read more
5 May 2010 12:52

Small caps round-up: Global Brands, Japan Leisure, Plethora...

Shares in Global Brands charged forward as the Domino's Pizza franchise holder in Switzerland reported strong trading in 2010 to follow a good end to 2009. Global says January sales increased 7.4% on January 2009, February sales increased 11.2%, March sales increased 14.5% and April sales increased

Read more
17 Nov 2009 15:56

Northamber sales down 9% in Q1

Computer hardware firm Northamber has suffered a 9% drop in first quarter sales and warned that the outlook continues to be difficult to assess. It said the negative trends discussed at its interim results in September "continued to challenge commercial intentions". The sales decline in the three

Read more
24 Sep 2009 08:55

Northamber FY profit plummets

Computer hardware supplier Northamber reported a massive drop in full year pre-tax profit as it battled against difficult trading conditions and added that trading was unlikely to pick up in the current half. Pre-tax profit fell to £47,000 for the year ended June 30 from £627,000 a year earlier. Re

Read more

Quickpicks are a member only feature

Login to your account