Sidi Kerir Petrochemicals - SIDPEC News - Mubasher Info
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05 April 06:48 AM

Sidi Kerir Petrochemicals - SIDPEC (SKPC)

Last update: 2 April 02:29 PM market time.
17.90
0.20
1.13%
Open 17.70
Previous Close 17.70
High 18.20
Low 17.67
Stock Statistics
Volume 6,270,728
Turnover 112,736,984.00
All data are 15 minutes late during market session

News

Sidpec targets EGP 4.5bn sales next year
31 December 2019 01:51 PM Sidpec eyes EGP 503.5m profit in 2020
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) is targeting a net profit of EGP 503.5 million in the fiscal year 2020, as shown in the company’s planned budget, compared to a targeted profit of EGP 1.06 billion in 2019. The company is also …
Companies Investments
The final investment cost of the project is currently being determined
11 December 2019 00:21 PM Sidpec’s capital raise depends on polypropylene facility’s cost
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 …
Companies Investments
Petrochemical plant
5 December 2019 00:21 PM Sidpec targets EGP 6.9bn investments in 2020
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 …
Companies Investments
The company's revenues slid to EGP 3.9 billion
12 November 2019 00:41 PM Sidpec’s 9M unaudited financials show 43% profit decline
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 …
Financial Results
Oil prices reached their highest level in four months
16 September 2019 05:36 PM Five EGX-listed firms among top beneficiaries of oil shock
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 …
Stock Evaluations
Revenues slid to EGP 2.52 billion
7 August 2019 10:30 AM Sidpec logs EGP 453m profit in H1
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 …
Financial Results
Sidpec’s net profits retreated to EGP 453 million in H1
28 July 2019 01:23 PM Sidpec hires NBK as financial adviser on propylene plant’s loan
Cairo – Mubasher: Sidi Kerir Petrochemicals’ (Sidpec) board of directors approved the appointment of National Bank of Kuwait (NBK) as a financial adviser to manage a loan facility. Sidpec aims to obtain a loan facility to finance its new propylene …
Banking and Finance
Net profits tumbled to EGP 453 million
28 July 2019 00:36 PM Sidpec’s H1 unaudited financials show 33% profit drop
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) posted a 33.48% year-on-year profit drop during the first half of 2019, according to the company's unaudited financial results.  Net profits tumbled to EGP 453 million from January to June, …
Financial Results
The expansion comes along with the petroleum ministry’s plan to ramp up the petrochemicals industry
25 June 2019 10:59 AM Sidpec buys land plot to expand propylene, polypropylene plant
Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) signed the final contract to purchase Alexandria Fiber Company’s land plot to expand its new propylene and polypropylene plant at an investment cost of around $1.2 billion and with a …
Companies Investments
Sidpec’s profits dropped to EGP 193 million in Q1
12 May 2019 03:14 PM NI Capital to advise on Sidpec’s capital raise
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) announced the appointment of NI Capital to act as a financial adviser for its capital raise. The capital increase aims to finance the shareholders’ equity in the propylene and polypropylene …
Companies Investments
Revenues retreated to EGP 1.22 billion
12 May 2019 02:37 PM Sidpec's profit drops to EGP 193m in Q1
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) reported a 31.8% year-on-year profit decline during the first quarter of 2019. Sidpec’s net profits plunged to EGP 193 million in the three-month period ended 31 March, compared to EGP …
Financial Results
The dividends will be paid over three installments
31 March 2019 01:07 PM Sidpec OGM raises FY18 dividends to EGP1.25/shr
Cairo – Mubasher: Sidi Kerir Petrochemicals’s(Sidpec) ordinary general meeting (OGM) has decided to distribute a cash dividend worth EGP 1.25 per share to shareholders for fiscal year 2018, instead of EGP 0.70 a share. The dividends will be paid …
Corporate Actions
Sidpec is likely to face pressure from the recent decline in global polyethylene prices
5 February 2019 03:44 PM Research firm sets Sidpec’s FV at EGP 19.22/shr
Cairo – Mubasher: Pharos Research has maintained their fair value (FV) on Sidi Kerir Petrochemicals’ (Sidpec) stock at EGP 19.22 per share, with an ‘Equalweight’ recommendation. Despite posting positive profit margins for the last quarter of 2018, …
Stock Evaluations
Sales increased to EGP 5.7 billion last year
4 February 2019 01:30 PM Sidpec logs EGP 1.2bn profit in 2018
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) on Monday reported a 14.7% year-on-year growth in profits for 2018. The company has logged EGP 1.2 billion in profits for the 12-month period ended December, versus EGP 1.13 billion in 2017, …
Financial Results
The Egyptian Exchange (EGX) building in Cairo
16 January 2019 06:19 PM EGX may remove 8 stocks from benchmark – Beltone Research
Cairo – Mubasher: A group of eight companies are expected to be removed from the Egyptian Exchange's (EGX) benchmark EGX30 index for not meeting the trading value and cash outflows requirements, according to a report released on Wednesday by …
Market News
Photo Archive
31 October 2018 05:20 PM Pharos maintains Overweight, TP for Sidpec
Cairo - Mubasher: Pharos Research has maintained its “Overweight” recommendation on the stock of Sidi Kerir Petrochemicals (Sidpec) with a target price (TP) valuation of EGP 42.80 per share. The research firm said that feedstock quality remains an …
Ratings
The company has logged EGP 922 million in profits for the nine-month period ended September
31 October 2018 11:39 AM Sidpec profit up 31% in 9M
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) on Wednesday reported a 31% year-on-year rise in profits for the first nine months of 2018 due to a growth in production and sales. The company has logged EGP 922 million in profits for the …
Financial Results
The transaction was implemented last Thursday through 12.9 million shares
21 October 2018 01:48 PM Sidpec completes Alexandria for Sodium’s $3m share transfer deal
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) on Sunday announced it has finalised the ownership transer deal for 20% shares from Alexandria for Sodium Carbonate Company at a value of $3 million. The transaction was implemented last …
Insider Trading & Treasury Stocks
The contract will be signed under the supervision of the Ministry of Petroleum
20 September 2018 11:44 AM Sidpec to ink polypropylene plant licence Thursday
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) will sign a polypropylene plant license contract with GRACE company on Thursday. The contract will be signed under the supervision of the Ministry of Petroleum, Sidpec said in a filing to the …
Companies Investments
Egypt to implement six new projects in the petrochemical sector with $2 billion in investments
18 September 2018 02:18 PM Egypt to set up $2bn petrochemical projects
Cairo – Mubasher: Egypt is looking to implement six new projects in the petrochemical sector with $2 billion in investments, petroleum minister said on Tuesday. The anticipated projects come within the petroleum sector’s plan to strengthen the …
Macroeconomics
Sidpec logged EGP 681 million in net profit during the six-month period ended June
6 August 2018 00:34 PM Sidpec profit rises 12% in H1
Cairo – Mubasher: The financial indicators of Sidi Kerir Petrochemicals (Sidpec) have shown a 12.2% year-on-year increase in net profit for the first half of 2018. The company logged EGP 681 million in net profit during the six-month period ended …
Financial Results
This announcement followed a shockwave hit Abraaj
3 July 2018 06:30 PM 10 EGX-listed firms deny ties to UAE-based Abraaj
Cairo – Mubasher: A group of 10 companies listed on the Egyptian Exchange (EGX) have announced that they have no contracts with the UAE private equity company Abraaj Capital. These companies included Sidi Kerir Petrochemicals, Egypt Free Shops, …
Companies Investments
Sidpec, Honeywell UOP to set up polypropylene plant in Alexandria
14 June 2018 01:14 PM Sidpec, Honeywell UOP to set up polypropylene plant in Alexandria
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) has signed a licensing agreement with the US-based Honeywell UOP to set up a new polypropylene plant at Sidpec’s complex in Alexandria. The agreement was signed by Sidpec’s chairman Mohamed …
Macroeconomics
Feasibility studies of the propylene and polypropylene production project were conducted
5 June 2018 01:05 PM Sidpec to begin polypropylene production early 2022
Cairo – Mubasher: The Egyptian petroleum ministry on Tuesday announced that Sidi Kerir Petrochemicals (Sidpec) will sign a licence contract with GRACE company to begin the production of polypropylene project in early 2022. Feasibility studies of …
Companies Investments
Sales increased to EGP 1.2 billion in Q1-18
10 May 2018 01:23 PM Sidpec Q1 profit rises 33%
Cairo – Mubasher: The financial indicators of Sidi Kerir Petrochemicals (Sidpec) has shown a 33.33% year-on-year surge in net profit for the first quarter of 2018, recording EGP 284 million from EGP 214 million. Sales increased to EGP 1.2 billion …
Financial Results