“Value-add AV & IT distributor”, Northamber (NAR), has announced results for its half-year ended 31st December 2021, and that it remains cautiously optimistic.
Describing itself as a “value-add AV & IT distributor” to resellers, Northamber plc (NAR) has announced results for its year ended 30th June 2021 showing a post-tax profit of £0.337 million and a proposed dividend per share of 0.4p. However, the shares are up to 62p, a £16.9 million market cap...but there looks significant further value potential.
Today’s full-year results announcement from Northamber plc (NAR) shows second half revenue down approaching 9% and a loss increased to £0.60 million (taking the full-year loss to £0.89 million). Not great, but even worse when factoring in that the company’s interim results statement included that it was “hopeful” that an “improved trading performance will continue… The board is confident that the company is well placed to benefit from further improvements in revenue growth” and that there has only been one announcement (a “Change of Adviser”) in between! …









