LASCO Financial Services
nearly doubled its December quarter earnings as a result of increased income and strong operating profits.
For the three months, the company recorded $106 million in net profit, over 95 per cent more than the $54 million it posted in the same period in 2017.
LASCO says the results reflect the business one year after the acquisition of Scotia Jamaica Microfinance (which was renamed LASCO Microfinance).
Third quarter income increased by 48 per cent to $597 million.