CAIRO: Egyptian ceramics firm Lecico reported a net loss of LE 3.0 million ($0.5 million) in the third quarter of 2011, the firm said in a statement on Monday.
Lecico made a net profit of LE 30.9 million in the same period a year ago.
Revenue fell 6 percent to LE 239.2 million.
The firm said there had been shrinking demand for sanitary ware in Europe and the Middle East this year. The third quarter drop in sales prices was due to weakness in exchange rates and strikes that hurt production, the company said.
