Increase in Revenues and Lower Finance Costs Boost LASM Profits
- Lasco Manufacturers profit for the nine month period ending December 31, 2018, grew by +32% to $700.5Mn (EPS: $0.17), relative to the $532.15Mn (EPS: $0.13) earned a year prior.
- This was driven by a +6% increase in revenues and a 9% reduction in finance costs.
- Lasco Manufacturers stock has declined by -12.43% YTD since the start of 2019 and currently trades at a P/E of 19.14x earnings which is below the junior market average of 32.52x earnings.
(Source: LASM Financials)