Lasco Manufacturing reports higher earnings for third quarter

Lasco Manufacturing says despite supply constraints and COVID-19 containment measures, it managed to earn more net profit for its third quarter compared to the previous year.
Post tax earnings for the three-month period ended December were up 43 per cent at $403 million.
Net profit for the same period in 2020 was $281 million.
Lasco's revenues also increased by 15 per cent to $2.4 billion.
However, the company continued to see strained margins due to bottle necks associated with COVID-19. 
Lasco says it will inevitably have to pass on increased costs to consumers.

comments powered by Disqus
Most Popular
Three Jamaicans found dead in New York...
Jackson runs third fastest 200m ever!