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Lecico Egypt shrinks loss in H1 2021

Lecico Egypt shrinks loss in H1 2021

ArabFinance: Lecico Egypt incurred a consolidated net profit before minority interest of EGP 23.573  million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 84% when compared to EGP 147.077 million in H1 2020.

Lecico Egypt’s standalone net loss reached 5.539 million in H1 2020, against net profit of EGP 17.302 million achieved in H1 2020.

The listed company incurred a consolidated net loss of EGP 16.753 million in quarter one of 2021.

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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