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Bu Ali Sina Petchem Plant Triples Revenue

Bu Ali Sina Petchem Plant Triples Revenue
(Wednesday, October 27, 2021) 19:28

TEHRAN (NIPNA) -- The financial director of Bu Ali Sina Petrochemical Company announced the amount of revenue of the company in the first half of the current calendar year, which began on March 21 as IRR 100,000 billion, three times as much as the amount for the same period last year.

According to Bu Ali Sina Petrochemical Company, Mohammad Rahimipour said, “The operating revenues of the company in the first 6 months of 1400, was over IRR 100,000 billion which is 3 times the amount for the same period last year; the company's gross profit was more than IRR22,000 billion and about 4 times year-on-year.”

He continued: "Also, the pre-tax profit of Bu Ali Sina Petrochemical Company is more than 2 times that of the same period last year and the company's net profit was about IRR20,000 billion in the 6 months leading to September 22, which is equal to the total net profit of the calendar year of 1399 and about 3 times the net profit of the first 6 months of the same year.”

Rahimipour stated production of the company during the first half of the year rose by about 30% year-on-year and reached one million tons, materializing 117% of the company’s production plan.”

He said: "Due to the increase in product prices, in the second half of this year, the company’s shareholders will reap significant profits."

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