Cairo - Mubasher: The ordinary general meeting (OGM) of Lecico - Egypt has decided to pass on profits of EGP 178.6 million to the next year, according to a bourse filing.

The OGM has also approved the financial results of 2016, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.

Last year, Lecico reported a decline in profits by 27.3% to EGP 47.8 million from EGP 65.8 million in 2015.