Hardware and Lumber Limited has realised a turnaround to a profit position of $3.4 million as a consequence of improved margin management, a reduction in interest costs and exchange gains resulting from the revaluation of the Jamaican dollar, according to CEO Simon Roberts.

The hardware giant was also buoyed by performance of its agricultural segment, which experienced a 5.1 per cent increase in revenues for the quarter ended June 2010 over the corresponding quarter of 2009.