- Northamber reported a higher full-year pretax profit, mainly due to a £0.27m increase in investment revenue.

The company said it is cautiously confident in the outcome for the new year although profitable trading conditions continued to be challenging.

The IT equipment distributor said pretax profit for the year ended June 30th increased to £592,000 from £434,000 last year.

However, its profit from operations declined to £42,000 from £127,000, as revenues fell to £182.19m from £204.41m, due in part to the slow acceptance of Windows Vista and a weak US dollar.

Trading in the early months of the current period showed revenue improvements when compared with last year, Northamber said. But added 'with a likely tightening in the availability of credit, it remains to be seen if this improvement can be sustained'.

Northamber set a final dividend of 1p, taking the total dividend for the year to 2.2p, up from 2.1p last year.