Lecico returns to profit
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Lecico returns to profit

Lecico returns to profit

Egypt-based Lecico has said its net profit for the third quarter of this year surged to EGP10.2m, compared with a loss of EGP3m in the same period a year earlier. Revenue for the first nine months of the year jumped 34% year-on-year to EGP941.2m, and net income was up 198% at EGP43.5m. Revenues for the quarter rose 25% year-on-year to EGP298.5m, on the back of demand growth in Egypt, Libya and the region, the ceramic maker said.

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