Deputy Executive Chairman and Managing Director for Lasco Distributors, Peter Chin is reporting that net profits after tax were up 28 percent.
Net profit came in at almost $118-million to $535-million up from the $417-million in the corresponding 2016 period.
Reporting in the company’s just-released unaudited results for the nine months ending December 2017, he indicated that revenues of over $12-billion was marginally higher for the year to date. This represents an increase of more than $184-million on the $12-billion generated in 2016.
Commenting further on their performance, Mr. Chin reported that the company’s growth strategy is now centred on growing key brands and bringing new innovations to the market, both locally and internationally.