November 3, 2020

Sidi Kerir Petrochemicals turns to loss


ArabFinance: Sidi Kerir Petrochemicals Company (SKPC) incurred a net loss after tax of EGP 75 million in the first nine months of 2020, according to the company’s November 2nd financial statements filed to the Egyptian Exchange.

In the January-September period of 2019, the company posted a net profit of EGP 521 million.

The company distributed the second tranche of its annual cash dividends on October 22nd.

Established in 1997 and listed in 2005, Sidi Kerir Petrochemicals, commonly known as SIDPEC, operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

arabfinance


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