Lasco Manufacturing is reporting a decrease in profits for the first quarter of it's financial year.
It posted after tax profits of $224 million, a decrease of 9 per cent when compared with the corresponding period last year.
Total revenue for the quarter was $1.7 billion.
The company also paid an interim dividend of $0.03 per share on June 30.
Lasco Financial
Meanwhile, Lasco Financial Services recorded a net profit of $57.7 million for the first quarter, ending June 30.
It did so on revenue of $260 million, an increase of $69 million, compared with the corresponding period last year.
The two Lasco companies paid taxes, this quarter, for the first time since listing, as it lost 50 per cent of the tax waiver, after the expiration of five of the original ten year tax holiday.
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