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Lasco Financial Services Reporting 51% Increase In Profits For The Quarter Ended December 2016

Lasco Financial Services Reporting 51% Increase In Profits For The Quarter Ended December 2016

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Lasco Financial Services has reported a 51% increase in profits for the quarter ended December 2016. In her Interim report to shareholders yesterday, Managing Director Jacinth Hall- Tracey said Gross Profit for the period was 75.2 million dollars compared to 49.7 million dollars for the same three months in 2015.Meanwhile, net profit was 61.97 million dollars, a 41% over the 43.88 million dollars reported for the quarter ended December 2015. Hall- Tracey says while this increase was due to the improved performance of all the company’s services, the fastest growth was being generated by the Loans Division.

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