Cairo – Mubasher: The audited financial indicators of Sidi Kerir Petrochemicals (Sidpec) showed a 21% year-on-year drop in profits for 2017.
Net profit totalled EGP 1.13 billion last year, versus a net profit of EGP 1.42 billion in 2016, the company said in a filing to the Egyptian Exchange (EGX).
Revenues increased to EGP 4.9 billion in 2017, compared to EGP 3.4 billion in 2016.
Given that the unaudited indicators showed that revenues climbed to EGP 5.018 billion last year.
