UK-based audio-visual and information technology distributor Northamber has returned to pretax profit of £9.9m from a loss last time of £598,000, on revenue that is up 2.1% year-on-year at £52.8m from £50.3m. Also helping the company's profit performance was a £10.8m exceptional gain on the disposal of property.
Revenue growth was driven by the contribution from Audio Visual Materials Ltd in February 2020 for £2.1m, as well as increased demand for IT equipment to facilitate home working, it says.
Proposes final dividend of 0.3 pence per share for the year - sames as last time..
"We are pleased to advise that we have been trading well so far since the start of the new financial year and we are quietly optimistic that the investments we have made in supporting our partners coupled with removing the one off costs tied to moving warehouse should be reflected in the trading results for the current financial year. Clearly we remain highly cautious however due to the economic uncertainty, Brexit and the potential further impact of Covid-19 on the demand and supply chain," said Chair Colin Thompson.
