Lasco Distributors Limited (LASD) reports a 15% decline in Net Profit for the Financial Year ended March 31,2017.
Lasco Distributors Limited (LASD) reports a 15% decline in Net Profit for the Financial Year ended March 31,2017. Lasco Distributors Limited (LASD) For the year ended March 31, 2017 revenues grew by 9% closing the period at $15.80 billion, up from $14.55 billion in the corresponding period in 2016.Cost of sales amounted to $12.87 billion relative to the $11.89 billion posted for the same period of 2016. Gross profits also increased by 10%, closing at $2.94 billion compared to the $2.66 billion reported last year.The company highlighted this was due to “positive market-share gains in a number of key product
JMMBGL Reports 46% Increase Year End Net Profit Attributable to Shareholders
JMMBGL Reports 46% Increase Year End Net Profit Attributable to Shareholders JMMB Group Limited (JMMBGL) for the year ended March 31, 2017 recorded net interest income of $6.77 billion compared to $5.50 billion in 2016, an increase of 23%. This as interest income grew by 10% to close at $14.71 billion, from the $13.34 billion booked in 2016, while interest expenses rose 1% to total $7.94 billion relative to $7.83 billion in the prior year. For the quarter the company recorded a 17% improvement in interest income to $3.99 billion (2016: $3.41 billion), while interest expense increased 7% to $2.30
Carreras Limited (CAR) Reports a 26% increase in Net Profit attributable to Shareholders
Carreras Limited (CAR) Reports a 26% increase in Net Profit attributable to Shareholders for the Financial Year Ended March 31, 2017. Carreras Limited (CAR) For the Financial Year ended March 31, 2017 reported Operating Revenue of $13.51 billion, a 13% increase compared to $11.98 billion recognized in 2016. Cost of Operating Revenue also increased year over year by 12%, amounting to $6.97 billion from $6.24 billion. Notwithstanding the increase in costs, Gross Operating Profit increased by 14% to total $6.54 billion. Gross profit for the fourth quarter amounted to $1.32 billion compared to $1.49 billion for the comparable period