StockMarketWire.com - Computer products supplier Northamber reported a 22% fall in revenue to £139.3m from £179.7m for the year to June.
The company said the decrease reflected the severe recession in its core commercial-user marketplace together with price erosion.
Pre-tax profit was £47,000 against the previous year's £0.63m. The company said this represented a significant recovery over the £0.3m interim loss.
It declared a final dividend of 1p, making the total for the year 1.6p (2008 2.2p).
Chairman David Phillips said that while significant new franchises had been secured since the year end, with extended delivery time-frames and launch delays their impact was unlikely to have any swift or strong contribution in the current half.
Story provided by Business Financial Newswire
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