Egypt’s austerity plan is a real dose of oxygen
In 2016, Sidi Kerir Petrochemicals realized a Net profit of EGP920.8m, up by 9.3% a year earlier. 2016 revenue increased by 12.7% to EGP3.142bn. The firm targets net profits of EGP823.1m in 2017, and eyes sales revenues of EGP4.5bn in 2017, up by 43%, y-o-y, while it expects the sales cost to increase by 78.5% to EGP3.48bn. The board of SIDPEC has approved the investment budget for the new fiscal year 2017-2018.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.