Feeds

Shake some Action results

Flat sales, Web business grows

  • alert
  • submit to reddit

Action, the catalogue and online computer reseller, is crowing about a return to profit.

For the six months to 28 February the company made pre-tax profits of £384,000 on sales of £137 million. But sales haven't grown - its turnover was £137 million for the six months to 29 February 2000, and it was recording a pre-tax profit of £443,000 back then.

Unfortunately, come the end of that fiscal year, 31 August 2000, pre-tax losses were £6.65 million on sales of £276 million.

But Action's web sales have increased by 70 per cent over the six months to 28 February - £27.8 million up from £16.4 million a year earlier.

The company said that against the present market background revenue growth was unlikely to return to previous levels, so it has been concentrating expanding profit margins. It says overdue debts are now at record (i.e. low) benchmark levels, and inventories are down to six days of supply.

Action has also boosted the balance sheet by striking an agreement to sell its Spanish subsidiary to German business Bechtle for £5 million. ®

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.