- Northamber said worsening sector trading conditions resulted in full-year pretax falling 84% to £0.43m from £2.61m a year earlier.

The IT equipment distributor said sales for the year ended June 30th fell 14% to £204.4m from £236.3m.

The company is proposing a final dividend of 1p per share, making a total payout of 2.1p against 6p last year.

The company said it was reviewing the possibility of returning a portion of surplus cash to shareholders.

Looking ahead, the company said it was 'cautiously confident' in the outcome for the new trading year.