Cherry Corp has reported fourth quarter net profits down 53.0% at $2.3m, on turnover up 17.2% at $110.0m; net profits for the year to February 29 were down 24.1% at $11.3m, on turnover that rose 25.2% to $424.7m. Net per share fell 52.5% to $0.19 in the quarter, 32.4% to $0.92 in the year.