Monday, 07 February 2011 18:36
The Lasco affiliated companies released their results for the nine month period ending December 31, 2010. The performances were mixed. Lasco Manufacturing reported the best performance with net profit jumping 83.8% to 291.2Mn compared to $158.4Mn over the same nine month period last year. Lasco Distributors was another star performer with net profit spiking 76% to $157.5Mn. However, Lasco Financial Services saw net profit fall 28.1% over the nine month period to $28Mn, despite reporting a 41% increase in profit during the quarter.
