Arab Finance: Sidi Kerir Petrochemicals Company (Sidpec) posted a 50.57% year-on-year (YoY) plunge in net profits after tax during the first half (H1) of 2026, as per the financial indicators.
The firm earned EGP 508 million in net profits after tax in H1 2026, down from EGP 1.027 billion in H1 2025.
Meanwhile, revenues edged up 13.02% to EGP 8.534 billion from EGP 7.551 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.