Sector News

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) is currenlty looking to select general contractors for its propylene and polypropylene production facility. The final investment cost of the project is currently being determined and based on …

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) is expecting to invest an amount of EGP 6.88 billion during the fiscal year 2020. The company is expecting to spend EGP 78.8 million on replacements and upgrades in FY20, according to a bourse …

Cairo – Mubasher: The consolidated financial statements of Misr Fertilizers Production Co (Mopco) showed a 27% year-on-year profit growth during the first nine months of 2019. Net profits increased to EGP 1.25 billion in the January-September …

Cairo – Mubasher: The board of directors of the Egyptian Financial and Industrial (EFIC) decided to consider the merger with its 99.86%-owned subsidiary Suez Company for Fertilizer Production. An independent financial advisor approved by the …

Cairo – Mubasher: The consolidated financial statements of the Egyptian Financial and Industrial (EFIC) showed a 44% year-on-year surge in its net profits during the first nine months of 2019. Net profits hiked to EGP 127.4 million in the …

Cairo – Mubasher: The unaudited financial results of Sidi Kerir Petrochemicals (Sidpec) reported a 43% year-on-year drop in its net profits during the first nine months of 2019. Net profits retreated to EGP 521 million in the nine-month period …

Cairo – Mubasher: The Egyptian Chemical Industries (Kima) announced turning to profitability during the first quarter of fiscal year 2019/2020, according to the company’s unaudited financial results. Kima logged a net profit of EGP 80.1 million …

Cairo – Mubasher: Abu Qir Fertilizers reported a net profit of EGP 751.6 million during the first quarter of fiscal year 2019/2020, slightly down from EGP 752.8 million in the year-ago period, the company’s unaudited financial results showed. …

Cairo – Mubasher: Misr Chemical Industries reported a 64% decrease in profits during the first quarter (Q1) of fiscal year (FY) 2019/2020. Profits reached EGP 8.9 million in the three-month period ended September 30, compared with EGP 24.6 million …

Cairo – Mubasher: The unaudited standalone financial results of the Egyptian Financial and Industrial (EFIC) reported a 10% year-on-year profit retreat during the first nine months of 2019. Net profits declined to EGP 54.5 million during the …

Cairo – Mubasher: The Egyptian Chemical Industries (Kima) announced that its shareholders decided to retain the company’s profits of fiscal year 2018/2019 during an ordinary general meeting (OGM). Accordingly, the company’s shareholders decided …

Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Chemical Industries approved to distribute cash dividends and bonus shares to shareholders for fiscal year 2018/2019. The OGM agreed to distribute dividends of EGP 32.5 million or EGP …

Cairo – Mubasher: Abu Qir Fertilizers announced that its shareholders approved raising the cash dividend for fiscal year 2018/2019 to EGP 1.3 per share instead of the proposed EGP 1.1 during an ordinary general meeting (OGM). The dividends will be …

Cairo – Mubasher: The Egyptian Chemical Industries (Kima) announced that the financial statements approved by Egypt’s Accountability State Authority (ASA) showed a decline of 67.68% in net profits during fiscal year 2018/19. Net profits, after …

By: Heba El-Kordy Cairo – Mubasher: Five Egyptian petrochemical firms are most likely to benefit from a possible short-term supply shock, a report released by MubasherTrade Research showed. Globally, oil prices reached their highest level in four …

Cairo – Mubasher: Misr Chemical Industries reported a profit of EGP 77 million during fiscal year 2018/2019, down from EGP 139.3 million in FY17/18, according to the company’s audited financial statements. The company’s profits is lower than the …

Cairo – Mubasher: Abu Qir Fertilizers’ higher profit in fiscal year 2018/2019 was supported by a 14% growth in the sales revenues, outweighing a 5.4% rise in the cost of goods sold, according to a report released by MubasherTrade Research. This …

Cairo – Mubasher: The board of directors of Abu Qir Fertilizers recommended a cash dividend distribution of EGP 1.1 per share for fiscal year 2018/2019. Dividends are proposed to be distributed over two tranches: EGP 0.30 on 24 October and EGP …

Cairo – Mubasher: Abu Qir Fertilizers recorded a 30% year-on-year profit growth during fiscal year 2018/2019, supported by higher sales. Net profits hiked to EGP 3.15 billion during the twelve-month period ended 30 June, compared to EGP 2.4 …

Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) recorded a 75.6% year-on-year profit hike during the first half of 2019, the company’s consolidated financial results showed. Net profits surged to EGP 72.13 million in the six-month …

Cairo – Mubasher: Misr Fertilizers Production Co (Mopco) posted a 37.7% year-on-year profit growth during the first half of 2019, the company’s unaudited consolidated financial results showed. Net profits amounted to EGP 937.72 million in the …

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) reported a 33.43% year-on-year profit decline during the first half of 2019. Net profits plunged to EGP 453.2 million in the six-month period ended 30 June, compared to EGP 680.83 million in the …

Cairo – Mubasher: Misr Chemical Industries registered a 43.6% year-on-year profit retreat during fiscal year 2018/2019, according to the company's unaudited  financial results.  Net profits shrank to EGP 78.54 million in the twelve-month period …