Lasco Distributors Reporting Revenue Growth Of 7% & Net Profits of 9% For The Six Months Ended September 30, 2018,
Peter M. Chin, Deputy Executive Chairman and Managing Director for Lasco Distributors Limited is reporting that the three months ended September 30, 2018 saw revenue growing by 7% while net profit grew by 9% over the corresponding period last year.
In unaudited results for the six months ended September 30, 2018, he reported that the Company achieved net profit of $464 million, or 13.5% growth over the corresponding period last year.
Revenues for the six months grew to $8.8 billion, or 5.2% more than the corresponding period last year.
Gross profit closed at $1.8 billion or 8.1% growth, while gross margin ratio increased to 20.2%, compared to 19.7% for the corresponding period last year.
Total operating expenses during the period were $1.4 billion, an increase of 13.5% compared to the corresponding period last year.
During the period, the company increased its investment in marketing to support the introduction of its new carbonated drinks LYRIX, energy drink KONKA as well as its 50% less sugar I-ASCO Food drink, which were recently launched.
Lasco Distributors Limited closed the period with an annualized return on equity of 20.3% compared to 20.2% in prior year, and earnings per share closing at 13 cents in the current period and 12 cents in the same period last year. BM
To view Lasco Distributors Limited Unaudited Financial Report for the Six Months Ended September 30, 2018 click HERE