106% Rise in Operating Income of Shiraz Petchem Plant

Shiraz Petrochemical Company announced that in the first half of the current calendar year, which began on March 21, it had an operating income of IRR 53,000 billion (~US$196.2 million), up 106% year-on-year. According to Shiraz Petrochemical Company, the company announced the unaudited financial statements of the first 6 months of 1400 (March 2021-22). Accordingly, in the first 6 months of this year it had an operating income of IRR 53,000 billion (~US$196.2 million) compared to the same period last year, which shows an increase of 106%. The company has earned a net profit of IRR 21,000 billion (~US$77.7 million) during the same period. Accordingly, Shiraz Petrochemical Company has realized a profit of IRR 4,086 (~US$0.015) per share in the first 6 months of 1400, which has increased by 83% compared to the same period last year. The plant’s petrochemical output amounted to 1,759,643 tons of various products, including 840,000 tons of urea which has been sold in domestic and foreign markets. - Shana