Cairo – Mubasher: Sidi Kerir Petrochemicals’ Q1-16 profits jumped 29.85% year-over-year to EGP216.87 million ($24.48 million) from EGP167.01 million ($18.85 million), the financial statements indicated.
Moreover, the company’s revenues for the first quarter of 2015 rose to EGP628.69 million, 10.57% up from EGP543.98 million for the year-ago period.
In 2015, the company registered a slide in profits by 15.5% year-over-year to EGP842 million from EGP997 million.
The stock declined by 0.08% to EGP12.60 by 11:05am Cairo time.
