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Lasco Manufacturing increases net profit by 18%

Lasco Manufacturing is reporting unaudited net profit of $401.7 million for the first quarter ended June 2021, an increase of 18 per cent on the net profit for the corresponding quarter of the prior year.
 
Sales revenue for the period totalled $2.3 billion, up 26 per cent on quarter one of the previous year.
 
Operating profit for the period was $571 million, an increase of 18 per cent on the prior year's quarter with selling and administrative expenses  of $571 million resulting in an expense to sales ratio of 13 per cent - compared to 17 per cent in the prior year.
 


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