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.






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