Lasco Financials Cuts Selling & Promotional Expenses To Achieve Profitability In 2021

Lasco Financials Cuts Selling & Promotional Expenses To Achieve Profitability

For the 12 months ended March 2021

• Revenue $2.3B -8.5%
• Expenses $1.8B -18.9%

They cut Selling & promotional expenses by $429m. A 35.9% cut

Profits of $156.8m vs $56.9m loss in 2020