Hardware and Lumber Limited, trading as Rapid >>TrueValue, has doubled profits in its third quarter to further hasten its recovery after two years of depressed income.

The retail company, which is 58 per cent owned by conglomerate GraceKennedy, made $30 million at the end of September, or 37 cents per share, compared to $14 million or 18 cents per share in the matching 2006 period.