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Lecico Egypt turns to loss in 1Q2019

Lecico Egypt turns to loss in 1Q2019

ArabFinance: Lecico Egypt (LCSW) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending March 31, 2019.

The company incurred consolidated net losses of EGP 27,818,663, against posting net profits of EGP 24,173,880 in the same period a year ago, taking into account the minority rights. 

Moreover, it posted standalone net profits of EGP 45,999,436, against incurring net losses of EGP 8,163,490 in the same period last year.

 

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