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Top TSE-Listed Mining Companies’ Sales Rise 60% to $9.7 Billion

Top TSE-Listed Mining Companies’ Sales Rise 60% to $9.7 Billion
Top TSE-Listed Mining Companies’ Sales Rise 60% to $9.7 Billion

The Iranian Mines and Mining Industries Development and Renovation Organization has released a new report on the sales of 72 major Tehran Stock Exchange-listed mining and mineral companies.
According to the report, the aggregate sales volume of the firms under review stood at 1.56 quadrillion rials ($9.73 billion) during the last fiscal year that ended on March 19, 2020, registering a 60% rise compared with last year's corresponding period.
Their sales volume during the 12th month of the year (Feb. 20-March 19) stood at 149.66 trillion rials ($929.56 million) to mark a 0.36% decline compared to the previous month and a 21% rise compared to last year's similar month.
Mobarakeh Steel Company registered the highest sales volume among the firms during the year under review with 391.43 trillion rials ($2.43 billion), up 67% year-on-year. The company’s sales during the 12th month of the year stood at 25.49 trillion rials ($158.36 million), indicating a 3% YOY and a 33% month-on-month decrease.

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