Lasco Financial Services Limited (LASF) reports 3% decline in profit

• For the second quarter ended September 30, 2018 LASF reported net profit of $161.1Mn, representing a 3% decline relative to the $166.7Mn reported a year prior.
• Core income was $1,084Mn, up 59.5% relative to 2017, while other income was 57Mn, which represent a 68% improvement on the amount reported in 2017.
• The improvement in revenue was offset by increases in operating expenses (+65.4%), finance cost (+1925%) and taxes (+61.4%).

Source: LASF Financials