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Lecico Egypt loss shrinks in 2020

Lecico Egypt loss shrinks in 2020

ArabFinance: Lecico Egypt reported a 33% Year on Year decline in its standalone net loss in 2020, according to the company’s March 2nd financial statements filed to the Egyptian Exchange.

Standalone net loss reached EGP 56,641,435 in 2020, compared to EGP 84,754,695 suffered in 2019.

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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