Arab Finance: Dice Sport and Casual Wear (DSCW) recorded a 386.05% year-on-year (YoY) hike in consolidated net profit after interest minority in the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 21st.
The company achieved a consolidated net profit attributable to the parent company of EGP 84.39 million in the nine-month period ended September 30th, compared to EGP 17.36 million in the same period of 2021.
Sales surged to EGP 1.46 billion in the January-September period from EGP 1.11 billion in the same period a year earlier.
The company recorded a standalone net profit after tax of EGP 81.052 million in January-September, compared to a net loss of EGP 16.946 million in the same period of 2021.
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.