LASCO Financial doubles profit

November 30, 2017 2:02 PM

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KINGSTON, Jamaica — LASCO Financial Services Limited (LFSL) more than doubled its profit for the quarter ended September 2017, posting $99.8 million in profit, up from $42.4 million in the comparative period last year.

According to LASCO, the improved performance was largely attributable to an increase in revenue, with growth across all income generating activities.

The company generated $395.9 million in revenues during the quarter ended September 30, 2017 up from $272 million, a 46 per cent growth over the previous quarter as a result of the manifestation of the company's strategy for expansion.

Source: jamaicaobserver.com

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