BAKU, Azerbaijan, October 11. Iran’s Khouzestan Oxin Steel Company, a leading producer of steel sheets for various industries has enjoyed a successful year in terms of sales, Trend reports.
The company has announced that its sales and profits have increased significantly in the first six months of this year (March 21 through September 22, 2023), compared to the same period of the previous year (March 21 through September 22, 2022).
The company’s Executive Director, Ali Mohammadi, shared some of the impressive figures that show the company’s growth and performance.
According to Mohammadi, the company sold steel sheets worth 83 trillion rials (about $1.98 billion) in the first half of this year, which is a 56-percent increase from the sales value of approximately 53 trillion rials (about $1.26 billion) in the same period of last year. This means that the company’s sales value grew by 30 trillion rials (about $726 million) in just six months.
The company also reported a substantial increase in net profit, which is the difference between its total revenue and total expenses. The net profit of the company in the first half of this year was 27 trillion rials (about $643 million), which is an 80-percent increase from the net profit of 15 trillion rials (about $357 million) in the same period last year. The company’s net profit grew by 12 trillion rials (about $286 million) in just six months.
Mohammadi attributed the company’s success to its high-quality products, its efficient management, its skilled workforce, and its loyal customers.
He also said that the company is constantly striving to improve its production capacity and quality standards, as well as to expand its market share and customer base.
Iran’s Khouzestan Oxin Steel Company is one of the largest and most modern steel sheet producers in Iran. The company was established in 2005 and is located on a 160-hectare area in Khuzestan province. The company produces various types of steel sheets, such as hot-rolled, cold-rolled, galvanized, pre-painted, and tin-plated sheets, which are used in the oil, gas, petrochemical, and marine industries.
The company has a production capacity of 1.05 million tons per year and an average output of 700,000 tons of steel sheets per year.
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