Cairo – Mubasher: Dice Sport and Casual Wear reported a 24.5% year-on-year (YoY) decrease in its net profits during 2019, the consolidated financial statements showed.

The company’s net profits levelled down to EGP 120.82 million last year from EGP 160.08 million in 2018, according to a bourse disclosure on Tuesday.

On the other hand, sales increased to EGP 1.57 billion in 2019, compared to EGP 1.51 billion in the prior year.

As for standalone financials, Dice’s net profits grew to EGP 87.48 million last year from EGP 79.34 million a year earlier.

It is worth noting that the financial indicators of Dice previously showed a 28% YoY slide in its net profits to EGP 115.2 million from EGP 160.08 million.