Sidi Kerir Petrochemicals - SIDPEC (SKPC)

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News

20 October 2024 10:49 AM Sidpec’s 9M-24 net profits exceed EGP 1.8bn

Cairo – Mubasher: The net profits after tax of Sidi Kerir Petrochemicals Company (Sidpec) amounted to EGP 1.88 billion during the first nine months (9M) of 2024, an annual rise of 4.13% from EGP 1.81 billion. Revenues increased by 2.94% to EGP …

Financial Results

25 September 2024 09:27 AM Sidpec to distribute bonus shares

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) increased its issued and paid-up capital to EGP 1.81 billion from EGP 1.51 billion. The EGP 302.40 million raise amount will be disbursed as 151.20 million free shares at a nominal value …

Companies Investments

6 August 2024 09:43 AM Sidpec unveils new JV in US, capital raise

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) inked a deal to establish Alexandria Supply Chains Company in line with the US shale gas project, according to a bourse filing. The Egyptian Petrochemicals Holding Company (ECHEM) will …

Board of Directors

2 July 2024 01:30 PM Sidpec, partners plan to launch $663m company to import US shale gas

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec), and a consortium of companies, are planning to establish a company to import liquified ethane gas (US shale gas) through a consortium of other parties. The company’s capital will amount …

Companies Investments

30 April 2024 03:02 PM Sidpec registers 7% YoY higher profit in Q1-24

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) recorded a 7.50% year-on-year (YoY) growth in net profit after tax to EGP 559 million during the first quarter (Q1) of 2024 from EGP 520 million. Sales decreased by 4.12% YoY to EGP 3.46 …

Financial Results

11 March 2024 00:28 PM Sidpec’s OGM passes dividends, bonus shares for 2023

Cairo – Mubasher: The ordinary general meeting (OGM) of Sidi Kerir Petrochemicals Company (Sidpec) approved the distribution of EGP 1.25 in cash dividends for 2023. Dividends will be paid in two instalments; EGP 0.75 per share, to be paid in May …

Cash Dividends

7 February 2024 00:49 PM Sidpec’s board approves EGP 756m dividends for 2023, bonus shares

Cairo – Mubasher: The board members of Sidi Kerir Petrochemicals Company (Sidpec) greenlighted the distribution of EGP 756 million as cash dividends for 2023, according to a bourse filing. During its meeting that was held on 5 February 2024, the …

Cash Dividends

24 January 2024 08:56 AM Sidpec record higher profits in 2023 at EGP 2.4bn

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) logged net profits after tax amounting to EGP 2.45 billion in 2023, an annual leap of 98.63% from EGP 1.23 billion. Sidpec recorded 52.37% year-on-year (YoY) higher revenues at EGP 13.19 …

Financial Results

27 December 2023 00:57 PM Sidpec eyes EGP 1.9bn net profits in 2024

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) targets achieving net profits amounting to EGP 1.91 billion in 2024, according to the budgeted income statements for 2024. The EGX-listed firm plans to generate report sales valued at …

Financial Results

24 December 2023 04:03 PM Sidpec, Nigeria's Rungas to build $30m butane cylinders factory

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) and Nigeria's Rungas Group Limited plan to build a butane cylinders factory at a value of $30 million. Polyethylene and ethylene produced by Sidpec will be used to manufacture empty …

Companies Investments

1 November 2023 03:36 PM Sidpec unveils EGP 1.81bn profits in 9M-23, deal with ADQ

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) logged net profits after tax worth EGP 1.81 billion in the first nine months (9M) of 2023, an annual leap of 143.82% from EGP 744 million. Total revenues enlarged by 67.74% to EGP 9.73 …

Financial Results

17 October 2023 11:20 AM Sidpec pens deal with Nigeria's Rungas Group for LPG plant

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) has inked a partnership agreement with Nigeria's Rungas Group to establish a liquefied petroleum gas (LPG) cylinder manufacturing plant. The facility will hold an annual capacity of one …

Companies Investments

3 May 2023 04:07 PM Sidpec’s profits jump 107% in Q1-23 initial results

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) posted 107.20% higher net profits after tax at EGP 520 million in the first quarter (Q1) of 2023, compared to EGP 251 million. Basic earnings per share (EPS) increased by 52.78% …

Financial Results

27 April 2023 01:04 PM Sidpec announces 2022 cash dividends

Cairo – Mubasher: The general assembly meeting of Sidi Kerir Petrochemicals Company (Sidpec) approved a cash dividend valued at EGP 0.90 per share over two installments, according to a bourse filing. Sidpec will pay out EGP 0.50 per share on 17 …

Cash Dividends

22 February 2023 05:46 PM Listing committee approves Sidpec’s capital hike

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee has decided to list the 126 million bonus shares related to the increase of Sidi Kerir Petrochemicals’ (Sidpec) issued and paid-up capital. By granting 0.2 bonus share for every …

Management Decisions

31 January 2023 02:14 PM Sidpec’s profits hit EGP 1.23bn in 2022 unaudited results

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) achieved net profits after tax worth EGP 1.23 billion in 2022, higher by 131.40% year-on-year (YoY) than EGP 535 million. Revenues hiked by 68.64% YoY to EGP 8.65 billion in 2022 from …

Financial Results

17 January 2023 11:03 AM Sidpec targets net profits of EGP 889.6m in 2023

Cairo – Mubasher: The board of Sidi Kerir Petrochemicals (Sidpec) approved the operating budget for 2023, aiming to achieve EGP 889.64 million in net profits. The EGX-listed company also plans to record EGP 9.41 billion in this year’s sales, …

Board of Directors

24 November 2022 09:35 AM Sidpec’s EGM approves EGP 252m capital increase

Cairo – Mubasher: The extraordinary general meeting (EGM) of Sidi Kerir Petrochemicals (Sidpec) approved raising the company’s issued and paid-up capital to EGP 1.51 billion from EGP 1.26 billion. The EGP 252 million capital increase will be …

Companies Investments

6 November 2022 00:17 PM Sidpec achieves 107% higher profits in 9M-22 unaudited financials

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) reported a 107.82% annual surge in net profits after tax during the first nine months (9M) of 2022. Profits of the EGX-listed firm netted EGP 744 million during the January-September 2022 …

Financial Results

12 October 2022 00:26 PM Sidpec hires NI Capital to study ETHYDCO's takeover

Cairo – Mubasher: The board of directors of Sidi Kerir Petrochemicals (Sidpec) approved hiring NI Capital to study the proposed acquisition of the Egyptian Ethylene and Derivatives Company’s (ETHYDCO) total shares by Sidpec.  NI Capital will …

Companies Investments

4 August 2022 04:34 PM Sidpec’s profit jumps 65.4% in H1-22 unaudited results

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) recorded a 65.37% year-on-year (YoY) leap in its net profit after tax during the first half (H1) of 2022 at EGP 468 million, compared with EGP 283 million. Revenues amounted to EGP 3.87 billion …

Financial Results

24 May 2022 06:45 PM Sidpec records EGP 251m profits in Q1-22 unaudited financials

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) has achieved EGP 251 million in net profit after tax during the first quarter (Q1) of 2022, higher by 65.40% year-on-year (YoY) than EGP 152 million. The earnings per share increased by 38.46% …

Financial Results

3 April 2022 11:54 AM Sidpec's approves capital raise to EGP 1.51bn

Cairo - Mubasher: The board of Sidi Kerir Petrochemicals (Sidpec) has approved a raise in the issued and paid-up capital to EGP 1.51 billion from EGP 1.26 billion. The capital will increase by EGP 252 million, distributed over 630 million shares …

Management Decisions

21 March 2022 00:54 PM Sidpec's OGM approves bonus shares distribution

Cairo - Mubasher: The ordinary general meeting (OGM) of Sidi Kerir Petrochemicals (Sidpec) has approved to distribute 126 million bonus shares at a share nominal value of EGP 2 per share, aggregating at a total value of EGP 252 million. Following …

Companies Investments

24 January 2022 00:02 PM Sidpec's net profits surge 1,958% in 2021

Cairo - Mubasher: The net profits of Sidi Kerir Petrochemicals (Sidpec) hiked by 1,957.69% to EGP 535 million in 2021, compared to EGP 26 million in the earlier year, according to the company's unaudited financials. The company recorded a 48.08% …

Financial Results