Sidi Kerir Petrochemicals 9-month profit ups to 703mn Egyptian pounds

By Yomna Yasser On Nov 1, 2017

Egyptian state-owned Sidi Kerir Petrochemicals Company’s (Sidpec) nine-month net profit jumped to 703 million Egyptian pounds ($39.8 million), the company said in a bourse filling on Wednesday.

Earlier, profit stood at ‍543 million pounds during the first nine months of 2016.

Revenues climbed to 3.32 billion pounds from 2.24 billion pounds last year.

Egypt’s financial situation stronger now than before 2010: CBE governor

Egypt’s Faisal Islamic Bank lining up for capital increase to $366.8 million