TSE-Listed Mining Firms’ Q1 Sales Rise 160% to Hit $5.4b

The Iranian Mines and Mining Industries Development and Renovation Organization has released a 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 1,352 trillion rials ($5.4 billion) during the first three months of the current Iranian year (March 21-June 21) to register a 160% growth compared with the previous year’s corresponding period.
Their sales volume stood at 552.5 trillion rials ($2.21 billion) during the third month of the year (May 22-June 21) to register a 185% rise compared with the corresponding period of the year before and a 20% increase compared with the previous month.
Mobarakeh Steel Company registered the highest sales volume among the firms under review during the three-month period with 336.6 trillion rials ($1.3 billion), up 166% year-on-year.