Feeds

Profit warning from Northamber

Distributor points finger at market conditions

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Northamber issued a profits warning today, blaming falling prices and over-supply in the distribution sector. The Chessington-based distributor said it expected financial results for the year ending 30 June to be "significantly below current market expectations." "The recent market trend of falling unit prices, driven by over-supply, has adversely impacted our overall trading performance. "This change has unfortunately affected us in what has traditionally been the most profitable period of our second half-year," said a company statement issued this morning. In December, Northamber turned in interim profits up 10.8 per cent to £4.72 million for the six months ended 31 December, while sales fell. Chairman David Phillips told The Register this was due to his company moving to a higher margin model. Northamber said the group remained profitable and it had been strengthening its position in the market. ®

Internet Security Threat Report 2014

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.