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Thndr Claps » EGY Claps » Earnings 📈 » Dice has higher prices to thank for turning profitable👚

Dice has higher prices to thank for turning profitable👚

by Shams Abbas
November 29, 2022

The Clap
Dice Sport & Casual Wear (DSCW) managed to turn to profitability in the first nine months of 2022.

What
The company recorded EGP 81 million during the period, compared to an EGP 16 million loss in the same period last year.

So what
Dice’s investor relations director attributed the turn to profitability to the higher product prices imposed as a result of the increase in raw material costs.

Now what
Exports helped Dice out a lot during the period, recording around 70% of the company’s total sales.

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