Fosrich reports net profit for $4.8 million

Fosrich is reporting net profit of  $4.8 million  for the quarter ended March 31.

That was an 85% decline from $32.9 million  last year. However, revenues were up 19 percent at $448.8 million.

The company says this was attributed primarily to increased sales in the industrial, control devices, panels and PVC categories. 

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