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Iran’s NICICO enhances its sales value

Finance Materials 25 October 2020 18:51 (UTC +04:00)
Iran’s NICICO enhances its sales value

BAKU, Azerbaijan, Oct. 25

By Elnur Baghishov – Trend:

The sales value of the National Iranian Copper Industries Company (NICICO) increased by 62 percent during the first six months of the current Iranian year (March 20 - September 21, 2020) compared to the same period last Iranian year, Managing Director of the NICICO, Ardashir Sad Mohammadi said, Trend reports referring to the company’s website.

The director emphasized that the value of the company's total sales amounted to about 162 trillion rials (about $3.85 billion) over the 6 months.

Sad Mohammadi added that while the net profit of the company amounted to 100 trillion rials (about $2.38 billion).

“In addition, the value of the company's total sales amounted to 100 trillion rials (about $2.38 billion) in the same period last Iranian year,” he noted.

The director said that of that amount, 57.6 trillion rials (about $1.37 billion) was the company’s net profit in the same period last Iranian year.

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