Egypt’s Sidi Kerir Petrochemicals announced its profits for the first half of 2015, recording a total of EGP 421.8m ($53.9 million), reported Reuters. The amount is 12% less than that of the same period last year, where profits reached EGP 480m. The company also reported a decrease in sales to EGP 1.31bn, down from EGP 1.36bn. Last year Ahram Online reported an EGP 510.15m profit, representing a 23% decrease in profit for the first half of 2014, in comparison to the same period in 2013. The company has not given a reason for its ongoing decrease in profits.