trending Market Intelligence /marketintelligence/en/news-insights/trending/ZQSsmAOErn696iVt-HxJjQ2 content esgSubNav
In This List

LASCO Manufacturing fiscal Q2 profit falls YOY


Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin


Are transshipment hubs facilitating the movement of Western-made components to Russia


MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

LASCO Manufacturing fiscal Q2 profit falls YOY

LASCO Manufacturing Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 2 Jamaican cents per share, a decrease of 28.1% from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was J$79.2 million, a decline of 28.1% from J$110.3 million in the year-earlier period.

The normalized profit margin dropped to 7.9% from 10.7% in the year-earlier period.

Total revenue declined year over year to J$1.00 billion from J$1.03 billion, and total operating expenses came to J$852.9 million, compared with J$854.9 million in the prior-year period.

Reported net income declined 28.1% on an annual basis to J$126.8 million, or 3 cents per share, from J$176.4 million, or 4 cents per share.

As of Oct. 29, US$1 was equivalent to J$112.45.