Ceramics maker Lecico Egypt turns into $4.6 mln losses in Q2

Egyptian ceramics maker Lecico Egypt (LCSW.CA) reported Sunday that it turned into loss in the second quarter of the year.

Lecico recorded a second quarter net loss worth 40.4 million Egyptian pounds ($4.6 million) opposed to a net profit of 4.2 million pounds ($474,000) in the same period in 2015.

Over the first half of the year, net loss reached 81.9 million pounds ($9.2 million), against 6.5 million ($733,000) profits for the year-ago period.