Peter Chin, Deputy Executive Chairman and Managing Director for Lasco Distributors Limited, is reporting in the company’s just released unaudited results for the three months ending June 30, 2018, a marginal improvement in revenue of 3.5 percent.
Revenue for the reporting quarter was JA$4.3 billion, compared to the JA$4.1 Billion for the corresponding 2017 period.
Commenting on the financial performance, he said that the strong results delivered by the company was in line with its effective execution of key strategies and that they will continue to build on these throughout the financial year.
He did not however identify what specifically these strategies where.
Lasco Distributors generated Gross Profits of JA$871 Million or 6 percent, while gross margin ratio increased to 20.4 percent compared to 19.9 percent for the corresponding 2017 period.
For the quarter the company achieved net profit of JA$234 Million or 18.7 percent more than the JA$200 Million for 2017.
Lasco Distributors closed the quarter with earnings per share of 7 cents a marginal improvement on the 6 cents recorded for 2017.BM
To view Lasco Distributors Limited First Quarter Unaudited Financial Report Three Months Ended June 30, 2018 click HERE