BAKU, Azerbaijan, March 18. The net profit of Iran's Persian Gulf Petrochemical Industries Holding increased by 20 percent during 6 months (June 22 through December 21, 2022), compared to the same period last Iranian year, Trend reports citing the company’s website.
Within the mentioned 6 months, the holding’s net profit amounted to 541 trillion rials (about $12.9 billion), while the figure stood at over 449 trillion rials (about $10.7 billion) in the same period last Iranian year.
The holding's earnings per share increased from 732 rials (about $0.017) to 869 rials (about $0.02).
Meanwhile, the holding's total revenues from product sales for 6 months was about 1.87 quadrillion rials (about $44.4 billion), which is an increased by 73 percent compared to the same period last Iranian year.
Iran's Persian Gulf Petrochemical Industries Holding is considered one of the main petrochemical companies in the country. Currently, the annual production of volume of the holding is over 20 million tons. The holding plans to increase annual production to 46 million tons by 2026.
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