Y2K to blame for Compel profit slump

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Y2K to blame for Compel profit slump By: Robert Blincoe Posted: 20/09/2000 at 11:37 GMT

Y2K has been blamed for Compel reporting a steep fall in full-year pre-tax profits from #12.7 million to #2.08 million

Sales for the year to June 30 slipped from #293.8 million to #288 million.

The company reported exceptional charges of #1.19 million for a cost-cutting restructuring exercise and for fending off an unwanted bid by rival Computacenter.


-- Martin Thompson (mthom1927@aol.com), September 20, 2000

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