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Esfahan's Mobarakeh Steel Company’s revenues up in Iran

Business Materials 29 October 2019 20:25 (UTC +04:00)

BAKU, Azerbaijan, Oct. 29

By Elnur Baghishov - Trend:

The revenues of Esfahan's Mobarakeh Steel Company in Iran’s Isfahan province increased by 125 percent from March 21 through September 22 this Iranian year (beginning on March 21, 2019) compared to the same period of last year, Tahmuras Javanbakht, deputy director of the company, said.

“The company’s total revenues reached 103.8 trillion rials (over $2.5 billion),” Javanbakht added, Trend reports referring to the company’s website.

The deputy director added that the figure reached 46 trillion rials (over $1 billion) in the same period of last year.

"After the deduction of taxes, the company's net income reached 81.4 trillion rials (over $1.9 billion)," Javanbakht said.

The deputy director added that the company’s investments increased from 130 trillion rials (over $3 billion) to 210 trillion rials (about $5 billion).

"The value of domestic trade reached 166.7 trillion rials (over $3.9 billion) while export value - 33.5 trillion rials (about $798.7 million)," Javanbakht said.

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