Annual Report

Overview

The report describes a difficult 2019 for the company, with sales falling 13% to LE 2,349.8 million amid weaker Egyptian demand and lower OEM sanitary ware sales. It also reports the restructuring of Lecico Lebanon, which reduced cash expenses and turned the subsidiary cash flow positive in the second half of the year. A land revaluation increased consolidated net fixed assets by approximately LE 1.72 billion. The CSR section highlights training for 1,500 workers on conduct, anti-bribery and anti-corruption, sustainability and labour rights.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2019
Period: 1 January 2019 – 31 December 2019
Publication date: 15 April 2020
Language: English
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