Fosrich Hits A Net Profit of Over 4 Mill

Electrical, lighting and solar distributor FosRich Company Limited has reported a net profit of $4.8 million for the quarter ended March 31.

The company noted that it was an 85% decline from $32.9 million recorded last year. However, it notes that revenues are up 19 per cent at $448.8 million.

FosRich sells electrical, decorative lighting, LED & solar energy, and industrial products.

 

Shannon-Dale Reid

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