Isfahan Refinery’s Spring Profit Rises Fivefold YOY

Isfahan Refinery’s net profit surpassed $433 million in the first quarter of the current Iranian year (March 21-June 21) compared with the same period of last year, the financial manager of Isfahan Oil Refining Company said.
“Last year during the spring, the company earned about $83 million. This year’s net profit in the first three months of the year is more than five times last year,” Saheb Arjomand was also quoted as saying by the Oil Ministry’s news agency Shana.
The rise in profit is the result of development projects at the refinery to increase the output of various products.