Arab Finance: Lecico Egypt (LCSW) reported a decrease in 2022’s consolidated loss attributable to the holding company, recording EGP 3.189 million from EGP 36.355 million in 2021, according to financial statements filed to the Egyptian Exchange (EGX) on March 1st.

The company’s consolidated net sales rose to EGP 3.273 billion in the full year ended December 31st 2022, from EGP 2.642 billion in the year before.

Standalone net losses rose to EGP 78.617 million in 2022, compared to EGP 10.779 million in 2021, financial statements showed.

Lecico is an Egypt-based public shareholding company engaged in the manufacture of tiles and sanitary ware products. The company offers its products through three segments: sanitary ware products, ceramic tiles, and brassware.

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