Mubasher TV
Contact Us Advertising   العربية

Lecico Egypt sees 700% higher losses in 9M

Lecico Egypt sees 700% higher losses in 9M
Standalone losses fell to EGP 43.6m in 9M
Lecico
LCSW
-0.26% 18.91 -0.05

Cairo – Mubasher: The consolidated financial statements of Lecico Egypt showed higher losses by 700% at EGP 202.6 million during the period from January to September 2019, including minority shareholders’ rights, compared to EGP 25.3 million a year earlier.   

Sales plunged to EGP 1.82 billion over the same period in 2019 when compared to EGP 2.04 billion in the year-ago period, a bourse statement revealed on Thursday.

As for the standalone financials, the firm’s losses declined to EGP 43.6 million during the nine-month period of the year from EGP 69.8 million in the previous year.  

During the first half of 2019, the losses recorded EGP 115.65 million, against a profit of EGP 28.8 million a year ago, including minority shareholders’ rights.