StockMarketWire.com - Computer hardware supplier Northamber made a first-half loss as sales fell nearly 30% to £68m versus £97m in 2007.

The group lost £304,000 in the six months to December 31 against a pre-tax profit of £453,000 previously, its first loss for 15 years and an 'unavoidable consequence' of the economic downturn.

Chairman David Phillips said the loss figure was mitigated by £900,000 of further cost-saving measures versus a year ago.

Dividend was reduced to 0.6p per share from 1.2p in 2007.

Phillips commented, 'There seems little doubt that it may take some time before there is any noticeable upturn in the sector, therefore it would be wrong of me to be optimistic.'