Arab Finance: Lecico Egypt’s (LCSW) consolidated net profits attributable to the parent company surged 436.3% year on year (YoY) during the first three months of 2024, hitting EGP 477.534 million, compared to EGP 89.04 million, as per a filing on May 26^th.

The company generated sales of EGP 1.389 billion in the three-month period ended March 31st, up from EGP 1.217 billion in the year-ago period.

Respecting the standalone financials, the firm achieved net profits after tax of EGP 422.819 million in Q1 2024, up from EGP 139.077 million in Q1 2023.

Meanwhile, standalone sales jumped to EGP 609.703 million from EGP 436.867 million.

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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