Profit up 21% for Lasco Manufacturing

Profit after taxation rose 21 percent from $282 million in the first quarter of 2019 to $342 million in 2020 at Lasco Manufacturing as revenue rose 4 percent from $1.78 billion to $1.84 billion.

Lasco Manufacturing products.

Other income fell 114 percent, from $17 million to a loss of $2 million and administrative and other operating expenses came in 6 percent lower than the comparative period in 2019 at $311 million.
Gross profit increased 8 percent from $668 million to $720 million as direct costs moved from $1.1 billion in 2019 to $1.2 billion in 2020 and gross profit margin improved by 2 percentage points to 39 percent from 37 percent.
Operating profit before finance charges rose 15 percent in the quarter to $407 million from $355 million. Finance cost declined in the quarter, to $16 million from $32 million in 2018 as the company continues to pay down loans that used in financing a major expansion to the plant.
Cash flow from operating activities netted $78 million, down 84 percent from the first quarter in June 2019, reflecting a major increase in inventories and payables.

Lasco Manufacturing checkered annual profit performance, but the 2021 fiscal year could be a record.

At the end of June 2020, shareholders’ equity stood at $7 billion with the current portion of long-term loans at $496 million and long-term loans at $506 million. Current assets ended the period at $4.8 billion inclusive of trade and other receivables of $2 billion, cash and bank balances of $1.2 billion, while current liabilities stood at $1.6 billion.
The stock traded at $3.90 on the Junior Market of the Jamaica Stock Exchange. Earnings per share came out at 8 cents for the quarter. IC Insider.com is forecasting EPS of 35 cents per share for the full year that puts the PE at 11.4 times 2021 earnings.
The company paid a dividend of 6 cents per share totaling $250 million on July 24.

About IC Insider.com
Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.