Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) reported a 107.82% annual surge in net profits after tax during the first nine months (9M) of 2022.
Profits of the EGX-listed firm netted EGP 744 million during the January-September 2022 period, compared to EGP 358 million in the same period in 2021, according to the company’s unaudited financials.
Earnings per share (EPS) rose by 61.67% on a yearly basis in 9M-22 to EGP 0.97 from EGP 0.60.
The company’s revenues amounted to EGP 5.80 billion in the nine-month period ended 30 September 2022, a hike of 53.94% when compared to EGP 3.76 billion in the year-ago period.
During the first half (H1) of 2022, Sidpec recorded a 65.37% yearly leap in its net profit after tax at EGP 468 million, compared with EGP 283 million.
Moreover, revenues amounted to EGP 3.87 billion in the first six months (6M) of 2022, an annual surge of 45.28% from EGP 2.67 billion.
