Northamber losses narrow, though performance 'far from satisfactory'
Source - SMW
IT equipment distributor Northamber said first-half losses narrowed, though it acknowledged that its current trading position was 'far from satisfactory'.
The company posted a pre-tax loss of £201,000, down from £539,000 a year earlier. Revenue rose 9.1% to £31.6m.
'Each step forward appears to be thwarted by adverse happenings undermining the confidence of our customers' ultimate users, which hampers achieving the goals and targets we set for ourselves,' the company said.
'Nevertheless we will continue to strive and take advantage of every opportunity to take the company forward, with a return to profitability when we can make use of the accumulated pre-tax losses, for the benefit of all shareholders.'
'Realistically, we cannot be over-optimistic on short term results but more hopeful than not that those improvements we have shown might continue as we move through 2018 and beyond.'
At 8:04am: (LON:NAR) Northamber PLC share price was +1.5p at 28p