Hardware and Lumber ended the March quarter on a positive note recording a modest profit.
Profit after tax amounted to a little more than $700,000, which was a turnaround from the $10 million loss it recorded last year.
Revenues were up 2% at $1.46 billion.
Hardware and Lumber says the improvement was due to increased revenues, improved margins and reduced finance costs.
The company expects the remainder of 2011 will continue the trend of improved performance experienced since the second half of last year as it continues to make changes to attract and retain customers.
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