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May 04, 2015 2:51 AM 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

42 Employees

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 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.

LASCO Manufacturing Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

LASCO Manufacturing Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenue of JMD 1,251,161,000 against JMD 1,007,806,000 a year ago. Profit from operations was JMD 203,379,000 against JMD 148,674,000 a year ago. Profit before taxation was JMD 158,273,000 against JMD 132,537,000 a year ago. Total comprehensive income for the period was JMD 158,273,000 against JMD 132,537,000 a year ago. Earnings per stock unit were JMD 0.04 against JMD 0.03 per share a year ago. For the nine months, the company reported revenue of JMD 3,333,356,000 against JMD 2,883,831,000 a year ago. Profit from operations was JMD 528,167,000 against JMD 466,157,000 a year ago. Profit before taxation was JMD 426,296,000 against JMD 447,698,000 a year ago. Total comprehensive income for the period was JMD 426,296,000 against JMD 447,698,000 a year ago. Earnings per stock unit were JMD 0.10 against JMD 0.11 per share a year ago. Cash provided by operating activities was JMD 725,247,000 against JMD 241,627,000 a year ago.

Lasco Manufacturing Limited Announces Unaudited Earnings Results for Second Quarter and Six Months Ended September 30, 2014

Lasco Manufacturing Limited announced unaudited earnings results for second quarter and six months ended September 30, 2014. For the quarter, the company reported revenue of $1,004,614,000, profit from operations of $151,724,000, profit before taxation of $126,787,000 and total comprehensive income of $126,787,000 or $0.03 per stock unit compared to the revenue of $1,033,284,000, profit from operations of $178,418,000, profit before taxation of $176,410,000 and total comprehensive income of $176,410,000 or $0.04 per stock unit a year ago. For the six months, the company reported revenue of $2,082,195,000, profit from operations of $324,788,000, profit before taxation of $268,023,000, total comprehensive income of $268,023,000 or $0.07 per stock unit and cash provided by operating activities of $165,622,000 compared to revenue of $1,876,025,000, profit from operations of $317,483,000, profit before taxation of $315,161,000, total comprehensive income of $315,161,000 or $0.08 per stock unit and cash used in operating activities of $196,654,000 a year ago.

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