ICEC

Egypt’s Sidi Kerir Petrochemicals revenues rise 48% in six months

Egypt’s state-run Sidi Kerir Petrochemicals Company (Sidpec) reported Thursday a 48 percent increase in its first half revenues to record 607 million Egyptian pounds ($34 million).

Earlier, revenues stood at 410 million pounds during the first half of 2016.

Sales jumped to 2.6 billion pounds during the first half of 2017, compared with 1.53 billion pounds during the same period in 2016.

During the three months ended in March, revenues fell to 214 million pounds from 217 million pounds during the same months in 2016.

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