March 27, 2008 / 3:41 PM / 10 years ago

Richelieu Hardware posts 11 pct rise in profit

OTTAWA, March 27 (Reuters) - Richelieu Hardware Ltd (RCH.TO) said on Thursday that first-quarter earnings rose 11 percent as bigger sales and lower taxes helped results for the distributor of specialty hardware.

The company, which also produces kitchen cabinets and doors, said earnings rose to C$6.6 million ($6.5 million), or 29 Canadian cents a share, from C$5.9 million, or 26 Canadian cents per share, in the same period last year.

$1=$1.02 Canadian Reporting by Susan Taylor; editing by Rob Wilson

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