Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) succumbed to net losses of EGP 31.28 million in the first quarter of 2020, versus net profits of EGP 193.09 million in the year-ago period.

The company’s sales retreated to EGP 951 million during the January-March period from EGP 1.22 billion in the corresponding period in 2019, according to a bourse disclosure on Sunday.

It is worth mentioning that during 2019, the company achieved net profits of EGP 487 million, down from EGP 1.3 billion in 2018.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.