Cairo – Mubasher: Sidi Kerir Petrochemicals Co. (Sidpec) turned to net profits of EGP 358 million during the first nine months of 2021, against net losses of EGP 75 million in the year-ago period, the unaudited financial results showed.

The revenues surged to EGP 3.76 billion in the January-September period of 2021, compared to EGP 2.41 billion in the corresponding period a year earlier, the company said in a bourse disclosure on Thursday. 

In the first half (H1) of 2021, Sidpic achieved net profits of EGP 283 million, versus net losses of EGP 28 million in H1-20.