Cairo – Mubasher: Sidi Kerir Petrochemicals’ net profits for the second quarter of 2016 fell by 24.3% year-over-year to EGP 192.83 million ($21.7 million) from EGP 254.76 million ($28.6 million), according to a bourse filing.
According to the unaudited results for the first six months, net profits stood at EGP 409.69 million, down 2.89% year-over-year from EGP 421.77 million.
During the first quarter of 2015, net profits rose by 29.85% year-on-year to EGP 216.87 million from EGP 167.01 million.
