January 31, 2008 / 4:06 PM / 10 years ago

Richelieu Hardware posts bigger profit

OTTAWA, Jan 31 (Reuters) - Richelieu Hardware (RCH.TO) posted a 11.5 percent increase in fourth-quarter profit on Thursday as sales increases and acquisitions helped lift results for the distributor of specialty hardware.

The company, which also produces kitchen cabinets and doors, said earnings increased to C$10.2 million, or 44 Canadian cents a share, from C$9.2 million, or 39 Canadian cents a share, in the same period last year.

$1=$1.00 Canadian Reporting by Susan Taylor; Editing by Peter Galloway

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