Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) turned to net profits of EGP 151.74 million during the first quarter (Q1) of 2021, versus net losses of EGP 31.28 million in the year-ago period.

The sales increased to EGP 1.3 billion in the January-March period, compared to EGP 951.05 million in the corresponding period in 2020, the company said in a bourse disclosure on Tuesday.

Over the course of 2020, Sidpic logged EGP 26 million in net profits, down from EGP 487 million a year earlier.