BAKU, Azerbaijan, October 19. The net profit of Iran’s Persian Gulf Petrochemical Industries Holding increased by about 41 percent during the last financial year (June 22, 2021 through June 21, 2022), compared to the previous year (June 21, 2020 through June 21, 2021), CEO of the company Abdolali Ali Asghari said, Trend reports citing Shana News Agency.
He made the remark at the holding’s annual meeting on October 19, 2022.
According to Ali Asghari, the net profit of the holding for the reporting period amounted to 948 trillion rials (about $22.5 billion).
“Meanwhile, in the previous year, the figure stood at 674 trillion rials (about $16 billion),” he said.
The CEO added that the value of the holding’s sales amounted to 3.07 quadrillion rials (about $73 billion) within the mentioned 1 year, which is an increase of 86 percent compared to the same period last Iranian year.
“Meanwhile, the net profit of Persian Gulf Petrochemical Industries Company (leading company operating within the holding) amounted to 558 trillion rials (about $13.3 billion) in the last financial year (an increase of 87 percent compared to the preceding year).
Iran's Persian Gulf Petrochemical Industries Holding is considered one of the main petrochemical companies in the country.
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