Sidpec sees 1.4% YoY profit uptick in H1 2024

Updated 7/28/2024 1:14:00 PM
Sidpec sees 1.4% YoY profit uptick in H1 2024

Arab Finance: Sidi Kerir Petrochemicals Company (Sidpec) posted a 1.41% year-on-year (YoY) uptick in net profits after tax during the first half (H1) of 2024, as per the financial indicators.

The firm earned EGP 1.226 billion in net profits after tax in H1 2024, versus EGP 1.209 billion in H1 2023.

Meanwhile, revenues inched up to EGP 6.675 billion from EGP 6.563 billion.

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.

 

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