Cairo - Mubasher:The board of Sidi Kerir Petrochemicals approved the investment plan for the upcoming year 2016, with EGP 294.8 million in investments.
The plan has allocated an amount of EGP 218.099 million for projects, in addition to EGP 76.7 million for deprecation and amortization.
The company's half-year profits reached EGP 421.8 million, down 12.23% year-on-year from EGP 480 million.
The petrochemical producer is capitalized at EGP 1.05 billion, distributed across 525 million shares at EGP 2 par value each.
