Lecico Egypt shrinks loss in 9 months
Updated 11/14/2021 1:30:00 PMArabFinance: Lecico Egypt (LCSW) incurred a consolidated net loss of EGP 32.23 million during the first nine months of 2021, down 83% when compared to EGP 192.38 million in the same period of 2020, according to the company’s filing to the Egyptian Exchange.
The company’s standalone net loss reached EGP 30.55 million during the nine-month period ended in September 2021, compared to EGP 12.76 million in the corresponding period of 2020.
During the first half of 2021, the listed company incurred a consolidated net loss before minority interest of EGP 23.573 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.
