Lasco Group Reports 9% Decrease Q1 Profits

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Lascelles Chin’s Lasco Group of Companies has reported a joint net profit of $457.1-million for the first quarter ended June 30.

According to the company financials, Lasco Manufacturing posted after tax profits of $224-million, a 9-percent decrease when compared to the same period last year.

Meanwhile, Lasco Financial Services recorded a net profit of $57.7-million from revenue of $260-million, an increase of $69-million, compared with the corresponding period last year.

And Lasco Distributors earned a profit after tax of $175.4-million,or 33-percent more than the same period last year.

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