Northamber Plc reports lower turnover of £50.3 million for FY19

  • Nov 14, 2019 GMT
  • Team Kalkine
  • Northamber Plc (NAR) has released the preliminary results for the year ended 30 June 2019.
  • The company reported a disappointing number for the year with a turnover of £50.3 million against £58.1 million for the previous year.
  • The company though had a very strong balance sheet with a net current assets ratio of 2.2 compared with 2.4 in the previous year.
  • The company’s and cash on hand was of £3.4 million as compared with £5.1 million in the previous year.
  • The company also reported that it is still incurring legal costs for the legal case it brought against the supplier for contract breach.

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