LASF reported a 66% increase in net profit for six months end September 2017
Lasco Financial Services Limited (LASF) For the six months ended September 30, 2017: - LASF recorded trading income of $681.28 million; this represented a growth of 35% when compared to $506.21 million posted in 2016, while trading income for the quarter amounted to $378.6 million (2016: $268.73 million). Other income amounted to $33.93 million, an increase of 28% (2016: $26.52 million), this resulted in overall income of $715.22 million, a growth of 34% compared to $532.73 million for the corresponding period in 2016. Overall revenue growth for the quarter was $396.0 million (2016: $272.08 million). The company stated that “The
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BRG reports 18% increase in six months net profit.
For the six months ended September 30, 2017: Revenues for the six months increased by 6% for the period to close at $1.08 billion (2016: $1.02 billion). For the quarter the company reported revenue of $620.98 million relative to the $512.25 million reported in 2016. The company saw a 5% increase in total operating expenses to total $979.66 million. The main driver for the increase was a 6% increase in Raw materials and consumables used by $28.16 million to close at $522.99 million. Employee benefits expense also had a 6 % increase to close at $248.15 million. According to the