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TSE-Listed Mining Firms' Sales Double to $11b Over 11 Months

Mobarakeh Steel Company registered the highest sales with 662.93 trillion rials ($2.6 billion), up 81% year-on-year
TSE-Listed Mining Firms' Sales Double to $11b Over 11 Months
TSE-Listed Mining Firms' Sales Double to $11b Over 11 Months

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has released a new report on sales registered by 74 major Tehran Stock Exchange-listed mining and mineral companies.
According to the report, the aggregate sales of the firms under review stood at 2.76 quadrillion rials ($11 billion) during the first 11 months of the current Iranian year (started March 20, 2020) to register a 93% rise compared with last year's corresponding period.
Their sales volume during the 11th month of the year (Jan. 19-Feb. 19) stood at 365.03 trillion rials ($1.4 billion) to register a 7% increase compared to the previous month and a 156% rise compared with last year's similar month.
Mobarakeh Steel Company registered the highest sale with 662.93 trillion rials ($2.6 billion), up 81% year-on-year. The company’s sale during the 11th month of the year stood at 83.65 trillion rials ($334 million), indicating a 120% year-on-year increase and a 1% month-on-month decrease.

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