State Firms Pile Up Huge Losses 

State and government owned companies produce losses estimated at 710 trillion rials ($2.4 billion) a year, chief of Auditing Organization of Iran said. 
Speaking to reporters on Wednesday, Mousa Bozrog-Asl, reviewed the performance of the companies in the last fiscal year that ended in March. 
He singled out ten loss-making companies that account for nearly 90% of the total loss shown by state and government enterprises, the Economy Ministry website, Shada.ir reported.