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Bouali Sina Exceeds Last Year Revenue in 9 Months, Achieves 89% Production Capacity

Bouali Sina Exceeds Last Year Revenue in 9 Months, Achieves 89% Production Capacity
(Monday, January 6, 2025) 16:43

TEHRAN (NIPNA) – Bouali Sina Petrochemical Company, Iran’s second-largest producer of aromatics, has surpassed its total revenue from the previous year in just the first nine months of the current fiscal year, while achieving 89% of its annual production capacity by the end of autumn.

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.

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