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June 02, 2015 10:05 PM ET

Food Products

Company Overview of LASCO Manufacturing Limited

Company Overview

Lasco Manufacturing Limited manufactures soy based products, and packages milk based products primarily in Jamaica. Its products include food drinks, lactose free products, porridge mixes, whole milk, and ready milk. The company also exports canned products, condiments, sauces, spices, seasonings and soups, beverages, baby care and personal care products. In addition, it markets other Jamaican made products in the Caribbean, North America, Canada, the Middle East, and the United Kingdom. The company was formerly known as LASCO Foods (Successors) Limited and changed its name LASCO Manufacturing Limited in May 2010. LASCO Manufacturing Limited was incorporated in 1994 and is based in Kingston,...

27 Red Hills Road

Kingston,  10

Jamaica

Founded in 1994

Phone:

876-960-1831

Fax:

876-929-2244

Key Executives for LASCO Manufacturing Limited

Founder, Executive Chairman, Chief Executive Officer, Member of Audit & Compliance Committee and Member of Compensation Committee
Chief Legal Officer, Secretary, Non-Executive Director and Chairman of Compensation Committee
Human Resource Manager
Non-Executive Director and Managing Director of Lasco Distributors Limited
General Manager
Compensation as of Fiscal Year 2014.

LASCO Manufacturing Limited Key Developments

LASCO Manufacturing Limited Announces Audited Earnings Results for the Year Ended March 31, 2015

LASCO Manufacturing Limited announced audited earnings results for the year ended March 31, 2015. For the period, the company reported revenue of JMD 4,788,583,000 compared to JMD 4,023,673,000 for the same period a year ago. Operating profit was JMD 794,746,000 compared to JMD 599,020,000 for the same period a year ago. Profit before taxation was JMD 669,368,000 compared to JMD 584,450,000 for the same period a year ago. Net profit for the year, being total comprehensive income for the year was JMD 669,368,000 or JMD 0.16 per earnings per stock unit compared to JMD 584,450,000 or JMD 0.14 per earnings per stock unit for the same period a year ago. Cash provided by operating activities was JMD 538,645,000 compared to JMD 553,263,000 for the same period a year ago. Purchase of property, plant and equipment was JMD 522,747,000 compared to JMD 1,063,784,000 for the same period a year ago.

LASCO Manufacturing Limited Appoints Eileen Chin as Non-Executive Director

LASCO Manufacturing Ltd. has announced that Dr. Eileen Chin has been appointed to the position of Non-Executive Director of LASCO Manufacturing as at April 23, 2015.

LASCO Manufacturing Limited Announces Executive Changes

LASCO Manufacturing Limited (LASM) announced that Dr. Eileen Chin has resigned as the Managing Director of LASM with effect from March 2, 2015. LASM advised that Mr. Robert Parkins has been employed with effect from March 3, 2015 as the General Manager of the company with responsibility for the day to day operations reporting directly to the Executive Chairman.

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