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Revenues of Iran Alloy Steel Company increase

Business Materials 23 January 2019 15:56 (UTC +04:00)

Baku, Azerbaijan, Jan. 23

By Elnur Baghishov - Trend:

The Iran Alloy Steel Company sold goods worth 543 billion rials (about $12.9 million) in the autumn of this Iranian year (started March 21, 2018), which is a 46.7 percent growth compared to the first half of this Iranian year, the company’s Executive Director Alireza Chaychi said, Trend reports via IRNA.

He noted that the revenues from each share of the company amounted to 155 rials (about $0,0003) until the end of the first half of this Iranian year, and by the end of the nine months it grew to 303 rials (about $0.007).

He added that during the nine months of this Iranian year, net profit worth 303 rials was obtained from the sales of goods worth 12.84 trillion rials (about $306 million). This is while net profit of 70 rials (about $0.0016) was obtained from the sale of goods worth 7.09 trillion rials (about $169 million) during the same period last year, he said.

Iran Alloy Steel Company is the biggest company in Iran in terms of production of various steel alloys. This Iranian year, exports of the company exceeded 73,000 tons.

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