The LAB releases financial statements showing increased profits

The Limners and Bards more commonly known as The LAB, released unaudited financial statements showing increased profits for the six months ended April 30.

Gross profit increased by $72.3 million or 35.7% over the corresponding six month period in the prior year.

Revenue for the six-months was $781.7 million, up 26.3% compared to $619 million for the corresponding period last year.

The revenue growth is attributable to increases in the company's core business, media placement which was up $149.6 million or 53% and advertising agency which rose by $16.1 million or 71%.

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