Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) turned to net losses of EGP 75 million in the first nine months of 2020, against net profits of EGP 521 million in the year-ago period, the unaudited financial results showed.
The company’s sales slid to EGP 2.41 billion in the January-September period from EGP 3.92 billion in the same period in 2019, according to a bourse disclosure on Monday.
During the first six months of the year, Sidpec suffered net losses of EGP 28 million, versus net profits of EGP 453 million in the corresponding period a year earlier.
