Feeds

Datrontech issues profit warning as share prices fall

Is it a buy, buy, buy again?

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Distributor Datrontech has issued its second profits warning in 15 months, blaming a sluggish performance from the PC assembler market in the UK. Now the group financial director Gerry Connolly is leaving Datrontech with a £115,000 pay-off following the profits warning. Datrontech now expects pre-tax profits of £2.6 million for the six months to 30 June, down from £3.2 million, and profits for 1998 as a whole to be down from £6 million to £5.2 million. The profits warning - which follows similar warnings from other rival distributors including Ilion - drove Datrontech shares down 23p to 60p on the UK stock market yesterday. Chief executive Mark Mulford said that the profits warning came after component sales this summer to UK assemblers were slower than expected. He said that the reason for the slow-down was unclear, but followed overstocking in the channel in Q2. The slow-down meant that the component distributor had to decide whether to try and keep margins up, or to lower prices to try and kick-start the market. Mulford said that Datrontech was trying to maintain margin on components. Ideal Hardware shares also fell 25p to 247.5p.

Choosing a cloud hosting partner with confidence

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.