Raspberry the flavour but Premier still slips

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Profits are sliding fast at Premier Farnell, but the electronics distributor remains upbeat, thanks in part to decent sales of the Raspberry Pi.

This credit-card-sized, single-board computer is proving popular in schools. Premier sold almost £4m-worth of the devices in the second quarter, better than expected.

That was not enough to fend off a 20 per cent slide in profits for the period from £23m to £18.4m.

In the first half as a whole, they fell by 51 per cent from £65m to £32m.

The group said its stronger second quarter had improved its year-on-year sales decline from 5.0 per cent in the first quarter to 3.3 per cent for the first half.