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Iran’s NICICO sees surge in sales

Business Materials 26 February 2022 10:52 (UTC +04:00)
Iran’s NICICO sees surge in sales

BAKU, Azerbaijan, Feb. 26

By Elnur Baghishov – Trend:

The sales of the National Iranian Copper Industries Company (NICICO) increased by 106 percent in value, during the first 11 months of the current Iranian year (March 21, 2021 through February 19, 2022), 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.

According to Sad Mohammadi, the NICICO has sold about 713 trillion rials (about $17 billion) worth of products over the reporting period.

“Meanwhile, in the same period last Iranian year, the value of company’s sales amounted to 347 trillion rials (about $8.25 billion),” he added.

As for the value of company’s sales for the 11th month of the current Iranian year (January 21 through February 19, 2022), the director said that the figure stood at 84.7 trillion rials (about $2.02 billion), which is an increase of 143 percent, compared to the same month last Iranian year.

Thus, the National Iranian Copper Industries Company sold products worth 34.8 trillion rials (about $828 million) in the 11th month of last Iranian year, Sad Mohammadi noted.

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