Arab Finance: Lecico Egypt (LCSW) posted EGP 446.284 million in consolidated net profits attributable to the parent company in 2023, versus net losses of EGP 3.19 million, according to the financial statement filed to the Egyptian Exchange (EGX) on March 3^rd.

Meanwhile, sales surged to EGP 4.843 billion from EGP 3.274 billion.

Likewise, the company garnered standalone net profits after tax of EGP 188.929 million in 2023, compared to net losses of EGP 78.617 million in 2022.

Standalone sales went up to EGP 1.717 billion last year from EGP 1.146 billion 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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