Lasco Financial Services says it made a lower profit of $17.79 million for its first quarter ended June 2024.
In the comparative period ended June 2023, the company says it made $18.19 million in post tax earnings.
This was linked to reduced revenues from some key segments.
The company says it also recorded revenue of $512.09 million for its first quarter ended June 2024.
This represented a 6.4 per cent decline to the $539.18 million made in revenue in the similar period ended June 2023.
This was due to a decline in profit from operations and higher selling and promotion expenses.
Lacso Financial Services says Remitly Money Transfer is now part of its cash distribution agent network.
The company also says it will be launching its MoneyGram Direct to Card for its upcoming second quarter.
This service will allow its users to input their MoneyGram reference number into a LASCO Gold Visa Prepaid card mobile app or website and withdraw their money.
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