Friday May 16, 09:59 AM
Northamber says trading improvement continues into Q3
LONDON (Thomson Financial) - Northamber Plc (LSE: NAR.L - news) . said the 'slight improvement' in its first-half trading has
continued into the third quarter, and it is 'somewhat pessimistic in the near term'.
The IT equipment distributor said its gross margins continue to be under pressure due to continued price deflation, but were offset by reductions in operating costs.
Northamber said it believes 'marked improvements' in margins will only be seen if vendors and its peer group deal coherently with the continued worsening of adequate returns on capital.
The company added that its balance sheet 'remains strong' and it remains 'well placed to weather any short-term macro economic storm'.
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