Arab Finance: Sidi Kerir Petrochemicals Company (Sidpec) has posted a 7.58% year-on-year (YoY) increase in net profit after tax during the first quarter (Q1) of 2024, registering EGP 559.473 million, from EGP 520.067 million, according to financial indicators filed to the Egyptian Exchange (EGX) on June 2^nd.

Revenue dropped to EGP 3.465 billion in Q1 2024 from EGP 3.614 billion in Q1 2023.

Established in 1997 and listed on EGX in 2005, Sidpec operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

Faisal Islamic Bank Egypt posts 139.5% profit growth in 9 months Updated 10/13/2024 9:56:00 AM

Speed Medical’s consolidated losses narrow 4.17% YoY in H1 Updated 10/2/2024 9:27:00 AM

Egypt Aluminum’s profits hike 60% YoY in FY2023/24 Updated 9/29/2024 9:28:00 AM

EGX nods to listing EGP 302.4M capital increase for Sidpec Updated 9/25/2024 11:30:00 AM

Sidpec nods to capital increase via bonus shares distribution Updated 9/24/2024 12:21:00 PM