According to a monthly activity report released on the Tehran Stock
Exchange, Bouali Sina generated revenue of 52.53 trillion rials during the
first nine months of 1403 (March-December 2024), marking a 34.4% increase
compared to the same period last year, when the company earned 39.09 trillion
rials.
Robust Revenue Growth and Annual Target Achievement
The company has achieved 99.5% of its total revenue from 1402 (March
2023-March 2024) in just nine months, signaling strong operational performance
and improved market positioning. This surge in revenue has been attributed to
optimal utilization of existing capacities, increased production, and expansion
into new markets.
Milestone in Production: Para-Xylene Unit Launch
A significant achievement in 1403 was the inauguration of the
para-xylene unit in July, which produced 178,791 tons by the end of autumn.
This development is expected to positively impact downstream petrochemical
companies dependent on para-xylene as feedstock.
Production Highlights: 13% Growth in Nine Months
By the end of autumn, Bouali Sina Petrochemical had produced 1.55
million tons, achieving 89% of its installed capacity of 1.74 million tons.
This represents a 13% increase in production compared to the same period last
year.
Bright Prospects for Shareholders
With its strong financial results and operational successes, Bouali’s
stock symbol is anticipated to garner significant interest upon reopening,
alongside other chemical sector stocks. Shareholders and investors are likely
to view the company’s performance as a promising indicator of future growth in
the petrochemical industry.
Bouali Sina Petrochemical Company remains a key player in Iran's
petrochemical sector, leveraging strategic investments and operational
efficiency to drive sustained growth and profitability.