Full Year 2019 Results
(World News Egypt)

Press Release Full Year 2019 Results Drop in sales in Egypt and drop in export profitability drive net loss Alexandria, 27th February 2020 -Lecico Egypt announced consolidated results for the fourth quarter of 2019. Revenue fell 20% to LE 522.4 million. The Company reported an operating loss (EBIT) of LE 57 million compared to an operating loss of LE 19.4 million in 4Q 2018. Lecico reported a net loss of LE 95.3 million compared to a net loss of LE 92.9 million in 4Q 2018. For the full year, revenue was down 23% to LE 2,349.8 million. The Company reported an operating loss (EBIT) of LE 88.2 million compared to an operating profit of LE150.7 million in 2018 which included LE 76.4 million...