Lecico Egypt’s becomes profitable in 9 months
Updated 11/15/2023 2:36:00 PM
Arab Finance: Lecico Egypt (LCSW) posted EGP 335.525 million in consolidated net profits attributable to the parent company during the first nine months of 2023, versus net losses of EGP 40.901 million, according to the financial statements filed to the Egyptian Exchange (EGX) on November 14th.
Consolidated net loss after minority interest stood at EGP 3.619 billion in the January-September period of 2023, compared to EGP 2.32 billion in the year-ago period.
Meanwhile, the company’s standalone net profit after tax reached EGP 199.004 million in the nine-month period ended September 30th, compared to a net loss of EGP 46.52 million in the same period a year earlier.
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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