Sidi Kerir Attains Net Profit of EGP1.3 billion in 2013

Egypt’s Sidi Kerir Petrochemicals Co S.A.E. on Wednesday said its net profit surged 49 percent in 2013.

The net profit of Alexandria-based Sidi Kerir (SKPC.CA), according to a release sent to the Egyptian Exchange on Wednesday, reached 1.298 billion pounds ($186.486 million) in the fiscal year to end-December 2013 compared with 869.655 million in 2012.

Elsewhere, the company has recently unveiled its estimated budget for FY2014, saying it targets sales of 2.80 billion pounds ($402.281 million) within 2014.