StockMarketWire.com - IT equipment distributor, Northamber reports interim sales that are 6% lower at £63.8m.
The result is a pre-tax loss for the period of £41,000, partly due to the significant reduction in the value of the investment income contribution.
Nevertheless, the Board has decided to pay an unchanged dividend of 0.6p.
Management says to combat the harsh trading environment, it has reviewed its vendor portfolio and also made further reductions in overheads, to maintain a reasonable balance between operating revenue and costs.
Going forward, the Group says there is no evidence of any recovery. The Board says it believes its continued strategy of managing cost best matches the current uncertainties.
Story provided by Business Financial Newswire
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