Computer 2000 reports profits rise

Computer 2000 has reported a 22 per cent rise in profit for its year ended 31 January 2000.

Computer 2000 has reported a 22 per cent rise in profit for its year ended 31 January 2000.Pre-tax profit for the period was £13.8m against turnover of £989m. The distributor has now moved the end of its financial calendar from 30 September to 31 January.Graeme Watt, UK regional managing director, said: "We are delighted with these results, particularly in the face of difficult trading conditions around the millennium, fierce competition in the distribution sector, declining margins and tighter vendor terms."Watt confirmed that the distributor is looking at introducing a clearer charging model for value added products such as services and customisation. Watt also revealed that the company expects to raise freight costs "sooner rather than later".First published in Computer Reseller News