Lasco Financial Services Report Slight Improvement in Year-End Results

• Lasco Financial Services recorded audited net profit for the year ended March 31, 2019, of $281.76Mn (EPS: 22.28¢) relative to the $254.28Mn (EPS: 19.95¢) representing a 10.8% growth for the year.
• The improvement in the bottom line can be partly attributed to increased income (+36.9%), growth in other operating income (+28.3%) which when combined, contributed to 36.5%.overall growth in revenues.
• The stock has risen 5.6% since the start of the calendar year. LASM closed trading yesterday at $4.75, and currently trades at a P/E of 21.95x earnings which is below the Junior Market Financial sector average of 25.56.

 (Source: Lasco Financial Services Financials)