Net profits for electrical distributor profitability climbed more than a full percentage point in 2004, according to the Electrical Manufacturers’ Credit Bureau (EMCB), Temecula, Calif.
Net profits (before taxes) in the EMCB study averaged 3.56 percent in 2004, up from 2.41 percent in 2003. That’s the highest net profit margin reported by the EMCB study in the last 10 years.
Gross profit also increased. The 20.93 percent gross profit figure in the EMCB study was the second tim
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