Despite the continued supply chain disruptions and rising commodity prices, Lasco Manufacturing Limited (LASM) grew revenue by 15 per cent to $9.48 billion and achieved its highest net profit to date of $1.71 billion, which did not include any tax remissions.

The company, which manufactures soy-based products and bottled drinks, has not seen a reduction in its performance since the novel coronavirus pandemic began in March 2020. Instead, it has inched closer to 13 figures in revenue and the $2-billion mark in net profit. This occurred when the company saw its gross margin decline from 37.89 per cent in 2021 to 36.75 per cent in 2022. The gross profit rose by 12 per cent to $3.48 billion.

https://www.jamaicaobserver.com/business/lasco-manufacturing-achieves-new-heights/

https://www.jamaicaobserver.com/business/lasco-manufacturing-achieves-new-heights/