Computacenter: Life's not as bad as we thought

Computacenter shares are up over five per cent today after the company said first half turnover and profits were much better than last year's.

The reseller's chairman Greg Lock said: "Following the completion of our unaudited management accounts for the four months, a more meaningful comparison can be made. Group profitability for the first four months of the year was well ahead of the same period last year and therefore we expect that the first half profit will be well ahead of the first half profit in 2008.

"While much remains to be done in the remaining eight months of the year, we are encouraged by this positive start to the year."

The company said in April that it was difficult to compare the first quarter of 2009 with the same period of 2008 because Easter was so much later this year.

It is the company's Annual General Meeting today. The next scheduled trading update is prior to the announcement of its Interim Results on 9 July.

The full statement is here. ®