Cairo – Mubasher: Lecico Egypt posted on Thursday a consolidated net profit of EGP 80.9 million for the fourth quarter of fiscal year 2016, compared to a net loss of EGP 63.35 million for Q4-15.
Consolidated net losses for fiscal year 2016 decreased 27.3% to EGP 47.8 million from EGP 65.8 million for FY15, according to a bourse filing.
Standalone profits declined in 2016 to EGP 27.9 million from EGP 31.02 million for 2015.
Consolidated foreign exchange earnings reached EGP 111.15 million, while standalone foreign exchange profits amounted to EGP 122.6 million.
