Lasco Financial profit up 50%

Lasco cambioProfit at Lasco Financial jumped a noticeable 50 percent, in the December 2014 quarter, on rising revenues of 11 percent. The company recorded profit of $68 million in the quarter versus $46 million in 2013 and recorded a 33 percent rise in its nine profit to $181 million from $136 million.
Lasco reported improvement in gross profit margin of 152 percent, in the December quarter, from 108 percent in the same period in 2013, the margin, year to December, is 155 percent from 137 percent in the nine months of 2013. Administrative expense rose by 8 percent for the quarter and 13 percent year to December while marketing expenses fell 8 percent in the quarter but was up 9 percent year to date, compared with the prior year, but still below the rise in revenues.
LasFn -12-14Earnings per share for the quarter amounted to 6 cents and for the nine months 15 cents. Earnings for the full year to March should end up around 20 cents per share. The stock now priced at $1, remains a buy, with prospects for increased profits for 2015/16.
The company is listed on the Jamaica Stock Exchange junior market and is primarily involved in cambio and money transfer and has with equity of $795 million no debt, and cash funds of $502 million.

Lasco Financial rolls out profit gains

Lasco Financial Managing Director Jacinth Hall-Tracey

Lasco Financial Managing Director Jacinth Hall-Tracey

Lasco Financial Services’ profit that grew 20 percent in the June quarter, and 28 percent in the September quarter, to reach $65 million. The second quarter profit, grew faster than the 19 percent revenue growth to $188 million over 2013, slightly more than in the first quarter’s revenue of $178 million and $145 million, in the March 2014 quarter.
For the six months to September, profit is up by 25 percent to $112 million or 9 cents per share and revenue climbed 14 percent to $366 million from $303 million in 2013. All things being equal, the full year earnings to March next year should exceed 20 cents per share.
Cost rose 19 percent in the six months as increased marketing cost helped push cost up, but the increase for the September quarter was only 14 percent. The company is embarking on some new initiatives to expand the business. One will be the utilization of 14 locations island-wide for the provision of loans. They indicated earlier this month that they have already signed an agreement to facilitate this. New software that that has been installed will allow for Money Grams’ data to reside locally and thus speed up the processing in the money transfer transactions, thus creating a better experience for their customers. The focus in this area, is a partial recognition that that the traditional business of cambio and to a lesser degree remittance services are fairly matured and growth has to be explored elsewhere.
Lasco Financial should generate in excess of 40 percent return on equity for the current fiscal year. As of September, equity stood at $726 million, loans and other receivables on the books is at $325 and cash funds $448 million.
A look at Access with return on equity of more than 50 percent, contrast with Lasco Financial more than 40 percent. For one, it indicates that high risk lending is very profitable area if done right as well as the benefit that leveraging can deliver, with Access borrowing funds to relend versus Lasco using its own capital alone.

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.