Lecico Egypt - LCSW , a leading company in Egyptian sanitary ware manufacturers, experienced a substantial surge in its share price by 19.55% since the release of its impressive earnings report on August 15, 2023. The company's financial statement revealed a remarkable turnaround, reporting a Net profit of EGP 265 million for the first half of 2023 compared to Net losses of EGP -24 million during the same period in 2022. This outstanding 984% change in earnings has had a significant impact on the company's shares.
Lecico Egypt's impressive financial performance for the first half of 2023 has translated into a notable boost in its share price. The company's shares closed trading at EGP 10.76 per share at the end of the session on August 20, 2023, representing a substantial 19.55% increase since the closing price of EGP 9 per share on August 15, 2023.
The substantial increase in earnings per share (EPS) further underscores the company's remarkable turnaround. EPS for the first half of 2023 stood at EGP 3.28 per share, a significant improvement from the EPS of EGP -0.39 per share recorded during the same period in 2022.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
Comments