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Lecico Egypt loss shrinks

Lecico Egypt loss shrinks

ArabFinance: Lecico Egypt said its consolidated net loss after tax stood at EGP 195,783,909 in the first nine months of 2020, according to the company’s unaudited financial statements.

The figure marked a 5% decline from EGP 202,673,956 incurred in the prior-year period.

Standalone net loss narrowed by 71% to EGP 12,767,786 in January-September 2020,  compared to EGP 43,631,892 posted in the corresponding period a year earlier.

Lecico announced last April a temporary shutdown of its Alexandria's factory due to the detection of COVID-19 cases.

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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