18th Nov 2022 13:47
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. Read More
