Federal 1Q Results – March Sales A Record

Federal Corporation has reported its first quarter results. Sales rose 16.3 per cent to US$26.

4 million (1Q 2002: US$ 22.7 m). Sales in March this year hit an all-time high figure of US$10.

7 million (March 2002: US$8.6 m), of which 70 per cent were export sales. Jamie Ma, President of Federal Corporation, was bullish about future prospects, predicting “another year of growth”.