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LASCO records profit for July-September quarter

LASCO Financial Services is reporting a 135 percent increase in profit for the July to September quarter.
 
It amounted to $99.8 million versus $42.4 million during the same period last year - generating $395.9 million in revenues.
 
LASCO says this represented a 46 percent growth over the previous quarter and resulted from its expansion.
 
Income from core services grew 41 percent while other income rose by more than 400 percent.
 
LASCO says an increase in commissions and fees was the major contributor.


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