Arab Finance: Sidi Kerir Petrochemicals Company (Sidpec) (SKPC) recorded a 131.40% year-on-year (YoY) surge in net profit after tax for 2022, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on January 31st.
The company achieved a net profit after tax of EGP 1.24 billion in 2022, compared to EGP 535 million in 2021.
Meanwhile, the company’s revenues grew by 68.64% to EGP 8.658 billion last year from EGP 5.134 billion in 2021.
Established in 1997, Sidpec is an EGX-listed company that operates within the materials sector focusing on commodity chemicals. It hsas subsidiaries operating across Egypt, working on textiles and oil and gas refining.
