Egypt-based ceramics manufacturer Lecico has reported a 90% surge in Q4 2009 net profit to EGP28.7m ($5.2m), compared to the same period a year ago, Reuters has reported. Revenue also rose by 14% to EGP267m in the quarter, the company said. 'Improved profitability in the firm's tile segment was the main driver in securing a 1% rise in net profit for the full year to EGP110.2m,' Lecico Chairman and CEO, Gilbert Gargour said in a statement.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
