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Iran’s NICICO records increase in sales

Business Materials 27 November 2021 11:17 (UTC +04:00)

BAKU, Azerbaijan, Nov. 27

By Elnur Baghishov – Trend:

The sales of the National Iranian Copper Industries Company (NICICO) increased by 112 percent in value, during the first eight months of the current Iranian year (March 21 through November 21, 2021), compared to the same period last Iranian year, the Managing Director of the company, Ardashir Sad Mohammadi said, Trend reports referring to the company’s website.

The director noted that the company has sold about 500 trillion rials (about $11.9 billion) worth of products over the reporting period.

“Meanwhile, in the last Iranian year (March 20, 2020 through March 20, 2021), the NICICO sold 420 trillion rials (about $10 billion) worth of products. This means that the company’s sales for the current Iranian year (March 21, 2021 through March 20, 2022) will increase significantly in value,” he added.

Sad Mohammadi stressed that the National Iranian Copper Industries Company sold 202,562 tons of products in 8 months. However, the figure stood at 272,000 tons in total over the last Iranian year.

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