Lecico Egypt reported a 5% Year on Year decline in its consolidated net loss in the first nine months
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.
REUTERS/Amr Abdallah Dalsh
By Staff Writer, Arab Finance
ArabFinance: Lecico Egypt reported a 5% Year on Year decline in its consolidated net loss in the first nine months of 2020, according to the company’s unaudited financial statements filed to the Egyptian Exchange.
Consolidated net loss after tax stood at EGP 195,783,909 in the January-September period of 2020, compared to EGP 202,673,956 incurred in the prior-year period.
Standalone net loss reached EGP 12,767,786 in the January-September period of 2020, a 71% decrease from EGP 43,631,892 posted in the corresponding period a year earlier.
Lecico announced on April 14th a temporary shutdown of its Alexandria's factory due to the detection of 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.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW