Home Tag "Lasco Financial Services"

Lasco Financial Services Reporting 41% Growth In Profit From Operations For 2019 Financial Year

Jacinth Hall-Tracey, Managing Director for Lasco Financial Services, is reporting that for the financial year ended March 2019, the company generated consolidated revenues of $2.21B compared with $1.62B in the previous year. Profit from operations increased by 41% from $402.2M to $565.4M. Net profit was $281.7M after paying taxes of $114.9M and finance costs of […]

JMMB Group Net Profit Up by 17%

LASCO Financial Services Reporting Strong Growth Driven By Newly Acquired LASCO Microfinance Limited

Jacinth Hall-Tracey Managing Director for LASCO Financial Services Limited is reporting year over year growth of 74%, driven by growth in transactions. Commenting in the company’s just released first quarter unaudited financial results for the period ending June 2018, she reported that transactions generated JA$235.2M more revenues than the corresponding period in 2017 to close […]

JMMB Group Net Profit Up by 17%

LASCO Financial Reporting Improved Q3 Performance From Seasonally Strong Remittance And Cambio Inflows

The Directors of LASCO Financial Services Limited have released the company’s third quarter unaudited financial results covering October – December 2017, reporting revenues increasing by 36% from JA$297.7M in the 2016 corresponding period to close at JA$404.9M. This improved performance the Directors have attributed to seasonally strong remittance and cambio inflows bolstered by the income […]

JMMB Group Net Profit Up by 17%

Lasco Financial 2017 First Quarter Year Over Year Growth Of 22.4% Driven By Expansion Strategy – Hall-Tracey

Lasco Financial Services Limited have published their First Quarter unaudited financial results covering April – June 2017. Managing Director Jacinth Hall-Tracey in her report to shareholders indicated that first quarter transactions generated JA$58.5M more revenues than the corresponding period in 2016 to close the period with total revenue of $319.2M. This result represents year over […]

JMMB Group Net Profit Up by 17%

Lasco Companies Now Have A Combined Market Capitalization Higher Than The GraceKennedy Group

At JA$50 Billion dollars the three Lasco companies covering finance, manufacturing and distribution, now have a combined market capitalization higher than the GraceKennedy group at JA$43 Billion dollars. Analysts have however suggested that the disparity in valuation could be that GraceKennedy is heavily undervalued compared to the Lascelles Chin controlled business group. BM

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill

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

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 […]

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill