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Mon 8 Nov 2010 12:55 PM

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Lecico third-quarter net profit gains 5 percent

Egyptian ceramics maker reverses decline; posts $5.4m net profit

Lecico third-quarter net profit gains 5 percent
Egypt-based Lecico posted a 5 percent increase in third-quarter net profit.

Egyptian ceramics maker Lecico posted a 5 percent increase in third-quarter net profit on Monday, reversing a decline in the second quarter when it was hit by costs from a fire at an export warehouse.

The company reported net profit of 30.9 million Egyptian pounds ($5.41m). Revenue for the third quarter fell 7 percent to 254 million pounds, it said in a statement.

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