Cairo – Mubasher: Sidi Kerir Petrochemicals reported a 364% year-on-year rise in profits during the fourth quarter which ended on 30 September 2016, according to a statement. 

Profits reached EGP 823 million in Q4-16, compared to EGP 177.3 million in the prior-year period. 

The company generated profits of EGP 1.366 billion in 2016, up 62% from the profits of EGP 842.3 million in the year before. 

The company’s stock rose 2.92% to EGP 19.12 by 10:06 AM Egypt time.