Production & sales of Iran’s Jam Polypropylene Company increase

Production & sales of Iran’s Jam Polypropylene Company increase

BAKU, Azerbaijan, Dec. 24

By Elnur Baghishov - Trend:

Production and sales of Iran’s Jam Polypropylene Company, owned by the Jam Petrochemical Company in the Pars Special Economic Energy Zone in Iran’s Bushehr province, during eight months (March 21 through Nov. 21) of this Iranian year (began March 21, 2019) increased by 13 percent compared to the same period last year, Trend reports referring to the Jam Petrochemical Company’s website.

Jam Polypropylene Company produced 185,519 tons of propylene in eight months, while the figure was 164,055 tons in the same period last year.

Prior to this, the company’s highest production was recorded in eight months of 2017 (March 21 through Nov. 21) and amounted to 182,777 tons.

The company expects production to reach 270,000 tons by the end of this Iranian year (ends on March 21, 2020).

The report noted that 165,399 tons of products were sold in eight months. This shows an 8 percent increase over the same period last year (153,267 tons).

“The value of the products sold amounted to about 20 trillion rials (about $476 million) and sales have increased by 90 percent compared to the same period last year,” the company said.

According to the 6-month (March 21 through Sept. 22) report, the company said that its revenue doubled compared to the same period last year and amounted to about 15.4 trillion rials (about $367 million).

“According to the 6-month report, the earnings per share of the company amounted to 3,103 rials (about 7 cents),” said the company.

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