Second Quarter 2018 Results
(World News Egypt)

Second Quarter 2018 Results Revenue growth and land sale offset inflationary pressure and fx losses Alexandria, 14thAugust 2018 -Lecico Egypt announced consolidated results for the second quarter of 2018. Revenue rose 20% to LE 705 million. Operating profit (EBIT) rose 71% to LE 81.8 million (margin rose 3.5 percentage points to 11.6%) including an exceptional income of LE 51 million from the sale of land. Net profit decreased 64% to LE 4.9 million (margin decreased 1.6 percentage points to 0.7%). For the first six months, revenue rose 20% to LE 1,358 million. Operating profit (EBIT) rose 64% to LE 164.8 million (margin rose 3.3 percentage points to 12.1%) including exceptional income of LE...