Daily Market Summary January 26, 2018
Daily Market Summary 26.1.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
Daily Market Summary January 25, 2018
Daily Market Summary 25.1.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
LASF reports 37% increase in nine months net profit
Date: January 25, 2018 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2017 recorded trading income of $1.09 billion; this represented a growth of 37% when compared to $794.46 million posted in 2016, while trading income for the quarter amounted to $407.48 million (2016: $288.25 million). according to LASF, “This is attributed to seasonally strong remittance and cambio inflows bolstered by the income from its new acquisition. LASF acquired 100% shares in Scotia Jamaica Microfinance Company Limited (CrediScotia) through a Share Purchase Agreement effective December 1, 2017. LASF Group now comprises two (2) subsidiaries, CreditScotia, renamed