19th Nov 2021 11:36
Northamber PLC - London-based distributor of AV & IT equipment - Reports revenue increase of 14% for the financial year to June 30 to GBP60.01 million from GBP52.83 million last year. Pretax profit, however, fell to GBP385,000 from GBP9.9 million. In financial 2020, the company secured a GBP10.8 million gain on disposal of property. Excluding this gain, the company would have reported a GBP736,000 loss in financial 2020. Northamber proposes final dividend of 0.4p per share, up from 0.3p posted the year prior.
"We necessarily remain cautious due to the factors outside our control but feel strongly that our continued focus on strategic higher margin value categories provides a solid road map for the future with profitable growth opportunities and the ability to unlock long term value for shareholders," says Chair Colin Thompson.
Current stock price: 61.00p, up 6.1%
Year-to-date change: up 12%
By Evelina Grecenko; [email protected]
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