Apple distributor Redington’s Q3 profit falls as costs outpace topline growth

CHENNAI: Redington (India) Ltd, the country’s biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue.

For Redington, which distributes electronic products made by Apple and Dell among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31.