FosRich Group of Companies has reported an unaudited net loss of $68.6 million for the three months ended March 31, 2025, compared to a profit of $33 million in the corresponding period last year.
This translated to a loss per share of $0.01 reversing the $0.01 profit per share achieved a year earlier.
Revenues for the quarter totalled $852.9 million, marginally below the $859.8 million posted in the prior period.
Gross profit also fell to $305.6 million down from $389.5 million a year earlier.
The company attributed its revenue performance to strong activity in its electrical and hardware product lines.
The board of directors indicated it remains committed to driving operational improvements and navigating market conditions in the months ahead.
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