Arab Finance: Dice Sport and Casual Wear (DSCW) recorded a 380.04% year-on-year (YoY) hike in consolidated net profit after minority interest in the first six months of 2023, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 29th.
The company achieved a consolidated net profit attributable to the parent company of EGP 120.937 million in the six-month period ended June 30th, compared to EGP 25.193 million in the same period of 2022.
Net sales surged to EGP 1.448 billion in the January-June period from EGP 903.663 million in the same period a year earlier.
The company announced before that it logged an 890.47% YoY hike in standalone profits after tax during the first half (H1) of 2023, recording EGP 125.443 million, up from EGP 12.665 million.
Dice is an Egypt-based company engaged in the casual wear garments and textile industry.
The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types and other knitting products.