{"id":580998,"date":"2023-01-31T13:29:17","date_gmt":"2023-01-31T13:29:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/"},"modified":"2023-01-31T13:29:17","modified_gmt":"2023-01-31T13:29:17","slug":"sidpec-releases-2022-earnings-obour-land-plans-dividend-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/","title":{"rendered":"Sidpec releases 2022 earnings + Obour Land plans dividend payments"},"content":{"rendered":"<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>Sidi Kerir Petrochemicals\u2019 net income after tax rose to EGP 1.24 bn in 2022<\/strong>, up 131% y-o-y, according to its <a href=\"https:\/\/ent.news\/2023\/1\/Sidi-Kerir-Earnings-2022.pdf\">earnings release (pdf)<\/a>. The company\u2019s revenues jumped 69% y-o-y to EGP 8.66 bn.<\/p>\n<p><strong>Obour Land is paying out EGP 380 mn of dividends<\/strong> at EGP 0.95 per share, the company said in an <a href=\"https:\/\/ent.news\/2023\/1\/Obour-Land-BOD-Minutes-29-01-2023-AR.pdf\">EGX disclosure (pdf)<\/a>. The company\u2019s board of directors has approved the dividend distribution, which still requires sign-off from its ordinary general assembly. The cheesemaker\u2019s net earnings stood at EGP 462.7 mn in 2022, rising 32% y-o-y.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 3.4% at today\u2019s close<\/strong> on turnover of EGP 1.97 bn (11.5% above the 90-day average). Local investors were net buyers. The index is up 12.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>Telecom Egypt (+5.4%), AMOC (+1.0%) and Eastern Company (+0.9%).<\/p>\n<p><strong>In the red: <\/strong>Alexandria Containers and Cargo Handling (-7.9%), Credit Agricole Egypt (-7.3%) and Housing and Development Bank (-6.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET WATCH- Sidi Kerir Petrochemicals\u2019 net income after tax rose to EGP 1.24 bn in 2022, up 131% y-o-y, according to its earnings release (pdf). The company\u2019s revenues jumped 69% y-o-y to EGP 8.66 bn. Obour Land is paying out EGP 380 mn of dividends at EGP 0.95 per share, the company said in an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[68,633,642,723,706],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580998","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-obour-land","tag-sidi-kerir-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"6ca115dd-17b3-42a9-8f83-5e2f750e581b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[580984],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sidpec releases 2022 earnings + Obour Land plans dividend payments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sidpec releases 2022 earnings + Obour Land plans dividend payments\" \/>\n<meta property=\"og:description\" content=\"MARKET WATCH- Sidi Kerir Petrochemicals\u2019 net income after tax rose to EGP 1.24 bn in 2022, up 131% y-o-y, according to its earnings release (pdf). The company\u2019s revenues jumped 69% y-o-y to EGP 8.66 bn. Obour Land is paying out EGP 380 mn of dividends at EGP 0.95 per share, the company said in an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T13:29:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sidpec releases 2022 earnings + Obour Land plans dividend payments\",\"datePublished\":\"2023-01-31T13:29:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterprisePM\",\"Go with the Flow\",\"Obour Land\",\"Sidi Kerir Petrochemicals\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/sidpec-releases-2022-earnings-obour-land-plans-dividend-payments\/\",\"name\":\"Sidpec releases 2022 earnings + Obour Land plans dividend payments - 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The company\u2019s revenues during the quarter came in at EGP 90.9 mn, up 43% y-o-y. Sidi Kerir Petrochemicals\u2019 net income more than doubled to EGP 520.1 mn\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564153,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/earnings-watch-beltone-nbk-egypt-credit-agricole-egypt-gsk-obour-land-arabian-cement\/","url_meta":{"origin":580998,"position":1},"title":"Earnings watch: Beltone, NBK Egypt, Credit Agricole Egypt, GSK, Obour Land, Arabian Cement","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"EARNINGS WATCH- Beltone Financial reported net income of EGP 4.7 mn in 2Q2021, up from a loss of EGP 12.1 mn in 2Q2020 and net income of almost EGP 3.8 mn in the first quarter of this year, according to an earnings report (pdf). The company\u2019s revenues reached EGP 95.9\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586061,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings\/","url_meta":{"origin":580998,"position":2},"title":"Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings","author":"enterpriseam admin","date":"3 May 2023","format":false,"excerpt":"MARKET NEWS-Elsewedy Electric is paying out dividends of EGP 0.40 per share on its FY 2022-23 earnings, payable on 21 May, the company said in an EGX disclosure (pdf). EARNINGS WATCH-Sidi Kerir Petrochemicals Company reported net income after tax of EGP 520 mn in 1Q2023, up 107.2% y-o-y, the company\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552007,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/earnings-watch-sidpec-announces-1h2022-results\/","url_meta":{"origin":580998,"position":3},"title":"Earnings watch: Sidpec announces 1H2022 results","author":"enterpriseam admin","date":"4 August 2022","format":false,"excerpt":"EARNINGS WATCH-Sidi Kerir Petrochemicals\u2019 bottom line jumped 65.4% y-o-y in 1H2022 to EGP 468 mn, according to the company\u2019s financial statements (pdf). The company\u2019s sales increased 45.3% y-o-y during the period to EGP 3.88 bn. MARKET ROUNDUP-The EGX30 rose 5.3% at today\u2019s close on turnover of EGP 2.03 bn (60.2%\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590869,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/earnings-watch-speed-medical-obour-land\/","url_meta":{"origin":580998,"position":4},"title":"Earnings watch: Speed Medical + Obour Land","author":"enterpriseam admin","date":"26 July 2023","format":false,"excerpt":"EARNINGS WATCH- Speed Medical in the red in 2022: Speed Medical recorded net losses of EGP 148.21 mn in 2022, down from a net income of EGP 135.76 mn the previous year, according to the company\u2019s consolidated financials (pdf ). Its revenues dipped 67% y-o-y to EGP 120.01 mn in\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543370,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/earnings-watch-obour-land-alexandria-containers\/","url_meta":{"origin":580998,"position":5},"title":"Earnings watch: Obour Land, Alexandria Containers","author":"enterpriseam admin","date":"30 January 2022","format":false,"excerpt":"MARKET NEWS-Obour Land recorded a 13% y-o-y increase in its bottom line in 2021 to EGP 350.7 mn, according to the company\u2019s financials (pdf). Obour Land\u2019s revenues increased 10% y-o-y to EGP 3 bn in 2021.Alexandria Container and Cargo Handling\u2019s bottom line rose 14.8% y-o-y in the first half of\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580998"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580998\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580984"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580998"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580998"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}