Cairo - Mubasher: The board of directors of Sidi Kerir Petrochemicals approved the estimated operational budget for 2016.
The company targets net profits of EGP 921 million in 2016, against EGP 944 million in the estimated budget of 2015, down by 2.5%.
The estimated budget figures in US dollars were based on exchange rate of EGP 8 against dollar.
The expected earnings per share in 2016, is set at EGP 1.58 compared with EGP 1.61 per share in 2015.
The company's unaudited financial statements for the first nine months of 2015, reflected net profits of EGP 664.98 million down 8.5% from EGP 726.37 million for the similar period a year earlier.
