Things have changed dramatically for Iran's flagship aluminum producer in a year. Iran Aluminum Company has turned from a loss-making producer to a prosperous company with highly sought-after shares.
And not much has been done by the company itself to turn the tide. In fact, latest data show production and sales volume have slid year-on-year.
But what matters is that IRALCO has simply sold its goods for more, enough to convert a loss-ridden year into a profitable one.
May 20, 2018 18:55
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IRALCO’s Rising Stars Amid Aluminum Price Hike
Iran Aluminum Company sold 14.59 trillion rials ($347.55 million) worth of aluminum products during the last fiscal year (March 2017-18), up 25.69% year-on-year
IRALCO’s ingot exports grew 54.4% to reach 5.79 trillion rials ($138 million) during the year, 52% of which went to Turkey
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