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


Categories : oil and gas

Finance & Economy

Egypt’s unemployment increases to 7.4% in Q1 2021: CAPMAS

2021-05-12 07:00:00

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced, on Tuesday, that the country’s unemployment"...
Read More

Arab Company for Asset Management loss r...
May 12, 2021
Egypt jobless rate rises amid pandemic s...
May 12, 2021

Latest News



oil and gas

Elevēo Recognized in 2021 Gartner Magic...
May 8, 2021
IPR Wastani Petroleum seeks arbitration ...
May 5, 2021
Egypt to construct largest petrochemica...
May 2, 2021