Egypt’s Sidi Krir posts 17% rise in 2007 profits

13 February 2008 14:24  [Source: ICIS news]

DUBAI (ICIS news)--Egypt’s Sidi Krir Petrochemicals Company (SIDPEC) has posted a 17% year-on-year rise in unaudited net profits for full-year 2007 to Egyptian pounds (£E) 1.2bn ($217.9m), the company said on Wednesday.

 

The company's sales rose by 6% to £E2.1bn for the period, it added but failed to elaborate on the results.

 

SIDPEC is Egypt’s sole producer of ethylene and propylene, with a combined production capacity of about 525,000 tonnes/year.

 

($1 = £E5.51)

By: Abdelghani Henni
65 6780 4359

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