Increased sales across its pharmaceutical and consumer lines resulted in LASCO Distributors recording $621 million in net profit for the nine months ended December 31. This was a 16 per cent increase over the previous year.
LASCO Distributors' revenue also rose by 9 per cent to $13.3 billion.
The company attributed its financial performance to success in its key areas, including increased distribution of liquid, powdered beverages and new products to the pharmaceutical market.
Meanwhile, LASCO Distributors has repaid $507 million of the loan borrowed for the warehouse expansion - it has a current balance of $193 million .
During the nine months, LASCO Distributors increased its inventories by 0.9 per cent over the prior year to close at $2.5 billion in order to meet market demands.