Iran Major Mining Firms’ Sales Up 171% to $3.4b in Two Months

The Iranian Mines and Mining Industries Development and Renovation Organization has released a new report on the sales of 74 heavyweight Tehran Stock Exchange-listed mining and mineral companies.
According to the report, the aggregate sales volume of the firms under review stood at 848.1 trillion rials ($3.47 billion) during the first two months of the current Iranian year (March 21-May 21) to register a 171% increase compared to the previous year’s corresponding period.
Their sales volume stood at 460.6 trillion rials ($1.88 billion) during the second month of the current Iranian year to register a 152% rise compared with the corresponding period of the year before and a 49% increase compared with the month before.
Mobarakeh Steel Company registered the highest sales among the firms during the period with 215.3 trillion rials ($882 billion), up 177% year-on-year. The company’s sales during the second month of the year stood at 124.5 trillion rials ($510 million), indicating a 141% YOY increase and a 37% month-on-month growth.