StockMarketWire.com - Northamber has widened its FY pretax loss to £1.16m, from a year-earlier loss of £1.05m. Revenue totalled £62.9m, from £77.5m.
After consideration of the company's debt-free balance sheet and cash position the board proposed a final dividend of 0.3p a share, unchanged on the year. Together with the 0.3p interim dividend, the total dividend was 0.6p a share.
The company's chairman, DM Phillips, commented:
"There has been a marked change between the first and second halves of this past year.
"In the first half the results continued the downward trend of previous periods but in the second half we achieved increases in both turnover and margins compared with the first half.
"Costs were contained in the second half even though we increased the quality and quantity of resources put into marketing, selling and liaison with suppliers.
"The result of these cumulative changes was that the operating loss for the second half year was significantly lower than for the first half at £495,000 compared with £730,000."
At 8:02am: [LON:NAR] Northamber PLC share price was +0.5p at 35.5p
Story provided by StockMarketWire.com
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