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Lecico’s loss widens 32.7% YoY in H1

Lecico’s loss widens 32.7% YoY in H1

Arab Finance: Lecico Egypt (LCSW) reported a 32.66% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first half (H1) of 2022, recording EGP 31.273 million, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.

Net consolidated sales rose to EGP 1.469 billion in H1 2022 from EGP 1.236 billion the year before.

As for standalone financials, Lecico turned to profitability, recording a net profit after tax of EGP 5.085 million in the six-month period ended June 30th, compared to a net loss of EGP 5.539 million 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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