Lasco Distributors says it made a lower profit of $359 million in its first quarter ended June 2024.
The company's latest unaudited report shows that this was down from the $448 million made after meeting tax obligations for April to June.
Lasco Distributors says this was due to disruptions to certain high-volume and high-margin categories, along with a rise in operating expenses.
The profit was supported by higher revenue of $7.33 billion, up by almost $11 million.
Revenues for the similar period last year was $7.31 billion.
Lasco Distributors says this performance was achieved despite supply chain challenges that affected some product availability.
Operating expenses increased by 16.8 per cent for the period.
Lasco Distributors says it acquired an additional pharmaceutical warehousing space during the period, to support expansion and future growth.
The company also says it is looking to improve inventories, in a bid to meet customer demand.
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