Cairo – Mubasher: Sidi Kerir Petrochemicals targets EGP 823.1 million net profits in 2017 according to its estimated budget, said a bourse filling.
The company eyes sales revenues of EGP 4.5 billion in 2017, up by 43% y-o-y, while it expects the sales cost to increase by 78.5% to EGP 3.48 billion.
The company also expects to achieve net profits of EGP 920.8 million for 2016.
The firm noted that the USD – EGP rate set at EGP 17 at the 2017- estimated budget.
