LASM Improves Bottom-Line Amidst Lower Costs

 

• Lasco Manufacturing’s profit increased by 11.8% for the six-month period ended September 30, 2019. Net profit YTD moved up from $503.06Mn (EPS: $0.12) to $562.56Mn (EPS: $0.14).
• The net profit improvement came on the back of lower finance costs (down 15.3% or $9.7Mn) as well as a 1.3% ($50.30Mn) increase in sales coupled with a 2.0% ($48.30Mn) fall in cost of goods sold.
• The stock has risen 36.2% YTD and closed yesterday’s trading session at $5.03. At this price, the stock currently trades at a P/E of 17.80x which is below the Junior Market Manufacturing sector average of 24.50x.

(Source: LASM Financials)