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Lecico Egypt H1 profit jumps 74% to EGP86 mln

Lecico Egypt H1 profit jumps 74% to EGP86 mln
Lecico
LCSW
3.44% 26.77 0.89
Tile and sanitary ware producer Lecico Egypt posted consolidated financial results for H1 that ended on June 30, 2014, showing that net profit rose 74% to EGP 85.6 million, compared with EGP 49.3 million in the same period a year earlier.
The company’s standalone financial results for the same period mirrored EGP 175.9 million net profit, compared with EGP 113.3 million net profit in H1-13.
Lecico is capitalized at EGP 400 million, divided into 80 million shares at EGP 5 par value each.