July 31, 2025
LASCO Distributors Limited (LASD)
Unaudited Financials for the First Quarter Ended June 30, 2025
LASCO Distributors Limited (LASD) reported a 1% decrease in revenue for the first quarter ended June 30, 2025, totaling $7.27 billion, compared to $7.33 billion in the corresponding three-month period of the previous year.
Cost of sales amounted to $6.01 billion (2024: $6.00 billion). As a result, gross profit declined by 5% to $1.26 billion, compared to $1.32 billion for the quarter ended June 30, 2024.
Operating expenses for the quarter totaled $981.98 million, reflecting a 4% increase relative to $941.25 million reported in 2024.
Operating profit for the three-month period amounted to $362.16 million, representing an 18% decline from $441.30 million in 2024. Finance costs totaled $7.80 million, which represents a 2,619% increase compared to $287,000 in the corresponding period last year.
Profit before taxation for the quarter amounted to $354.36 million, a 20% decrease from the $441.01 million reported in 2024. The taxation charge decreased by 39% to $50.41 million (2024: $82.10 million).
Net profit for the period amounted to $303.95 million, representing a 15% decline from $358.91 million in 2024. Total comprehensive income for the quarter decreased by 19% to $295.17 million, compared to $363.28 million in the prior year.
As a result, earnings per share (EPS) for the three months were $0.09 (2024: $0.10). The twelve-month trailing EPS was $0.36, based on 3,525,702,702 shares in issue.
Notably, LASD’s stock price closed at $3.58 on July 31, 2025, with a corresponding price-to-earnings (P/E) ratio of 9.83 times.
Balance Sheet Highlights
The company’s total assets amounted to $16.61 billion (2024: $15.10 billion). This increase was primarily due to inventories, which stood at $5.73 billion (2024: $4.98 billion).
Shareholders’ equity was $10.77 billion (2024: $9.88 billion), reflecting a book value per share of $3.05 (2024: $2.80).
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