StockMarketWire.com - IT supplier Northamber plc returned to the black for the six months to December as sales rose 6.1%.
Pre-tax profit was £0.15m compared with a previous H1 loss of £41k.
Sales increased from £63.8m to £67.7m. However, the company said competitive pressures had resulted in a 0.6% reduction in gross margin.
Earnings per share were 0.39p against a loss of 0.19p in 2009.
The interim dividend was held at 0.6p.
Chairman David Phillips said Northamber had made reasonable progress in its aim to regrow the company after avoiding the problems of recent years.
However a January trading slow-down had confirmed its cautious view of the future and the need for tight management.
Shares were up 1p at 60.5p.
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.