UK PC distributor Northamber issued a profit warning today, blaming falling prices and over supply in the distribution sector.
The Chessington based company said it expected financial results for the year ending 30 June to be, "significantly below current market expectations."
A company statement issued this morning commented: "The recent market trend of falling unit prices, driven by over supply, has adversely impacted our overall trading performance." In December, Northamber turned in interim profit of £4.72 million, a rise of 10.8 per cent for the six months ended 31 December, although sales fell.
Northamber Chairman David Phillips said this was due to the company moving to a higher margin model.
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