Arab Finance: Company announced Sidi Kerir Petrochemicals – Sidipec (SKPC)that 0.2 free shares will be distributed for each original share of the company’s shares before the increase to holders and buyers of the share until the end of the trading session on Wednesday 10-9-2024, according to statement Egyptian Stock Exchange.
The free shares will be distributed starting from the session of Thursday 10-10-2024, taking into account the reparation of fractions, in favor of small shareholders from the smallest to the largest, until the quantity runs out, through the Misr Clearing, Depository and Central Registry Company.
About the results of its operations during the period from 01/01/2024 to 03/31/2024 It showed achieving a net profit of 559.473 million pounds, compared to the company achieving a net profit of 520.325 million pounds during the period from 01/01/2023 to 03/31/202.
Regarding unaudited business results indicators for the fiscal year ending on 12/31/2023, it revealed that a net profit amounted to 2.459 billion pounds, compared to a net profit of 1.238 billion pounds during the comparative period of the previous fiscal year, according to For a statement Egyptian Stock Exchange.
Sidi Kerir Company is the first integrated step in the petrochemical industry in Egypt. It always seeks to participate in achieving national goals such as producing value-added products using available raw materials, as well as developing local industries that rely on those products. The company produces polyethylene (high-density and low-density linear ) Using ethylene, which is produced by processing ethane/propane gases – coming from the Western Desert Gas Complex, “GASCO Company” – within the framework of the best production technologies based on energy saving and environmental friendliness. “Egyptene” is the trademark of the company’s products and is considered one of the best known products in Manufacture of polyethylene locally and internationally. The company also produces intermediate products such as butane and butane.
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