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LASCO Financial Services reporting increased profit for third quarter

Lasco Financial Services is reporting increased profit for its third quarter ended December.
 
At the end of the three months, the company made $36.3 million after tax.
 
That's up from the $30.6 million made for the similar period in 2022.
 
Lasco Financial Services says the performance brings the nine month profit to $92.3 million.
 
This was down from the $187.3 million in the previous year.
 
The company says these results reflect new costs which have been introduced, as it invests to develop its digital financial services.
 
LASCO Financial Services' consolidated income amounted to $557.4 million for the third quarter.
 
This represents a 2.5 per cent decrease or $14.3 million when compared with the corresponding 2022-2023 Third quarter.


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