Lasco Distributors (LASD) Reports 13.5% increase in profit for first half of FY18/19
- For the six months ended September 30, 2018, LASD reported a net profit of $463Mn (EPS: $0.13), reflecting a 13.5% improvement over the $412Mn reported one year prior.
- The performance was primarily driven by an increase in Revenue (+5.2%, yoy) and greater cost efficiency. Gross margin increased by 55bps to 20.2% while net profit margin improved by 39bps to 5.28%.
- LASD continues to invest in marketing programmes geared towards supporting greater market penetration for its new product portfolio.
Source: LASD Financials