Petrochem Firm Raises Share Profit

Petrochem Firm Raises Share Profit
Petrochem Firm Raises Share Profit

Amir Kabir Petrochemical Company has boosted its shares’ profit for the current Iranian year (started March 21) by 20% compared to that of the previous year.
According to NIPNA, the National Petrochemical Company's news agency, shareholders will earn a profit of 1,414 rials (3.36 cents) from the petrochemical company’s each share this year, reaching a total of 5.09 trillion rials ($121 million).
The report added that since the beginning of the fiscal year, AKPC has produced more than 1.33 million tons of products, including 343,000 tons of ethylene as well as linear, heavy and light polyethylene that stood at 224,000 tons, 118,000 tons and 181,000 tons, respectively.
The company’s sales in the roughly three-month period have amounted to 33.3 trillion rials ($793 million), up 27.4% compared with the revenues in the corresponding period of last year.


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