Lecico Egypt incurs 30% loss increase

Lecico announced on April 14th a temporary shutdown of its factory on Alexandria due to COVID-19 cases

  
Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
ArabFinance: Lecico Egypt (LCSW) reported a 30% Year on Year increase in its consolidated net loss in the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.

Consolidated net loss stood at EGP 150,868,402 in H1 of 2020, compared to EGP 115,659,983 incurred in H1 2019.

Standalone net profit reached EGP 17,302,146 in H1, an 88% rise from EGP 9,180,372 posted in H1 of 2019.

Lecico announced on April 14th a temporary shutdown of its factory on Alexandria due to COVID-19 cases

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: the sanitary ware products, the ceramic tiles, and the brassware.

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