Mohammad Javad Baderi presented the performance report of the board of
directors during the annual general assembly of shareholders for the fiscal
year 1401 and the extraordinary general assembly of Fanavaran Petrochemical
He highlighted the strategic goals, such as production sustainability,
profitability, energy carrier consumption management, self-sufficiency
projects, environmental and sustainable development.
He emphasized that Fanavaran Petrochemical Company's selection as a
green industry and its consecutive ranking among the top 100 Iranian companies
in the IMI-100 classification over the past five years align with the
envisioned future and defined objectives.
The CEO highlighted the company's efforts in managing energy carrier
consumption and removing production obstacles, underscoring the continuation of
this trend in line with maximizing the interests of stakeholders. He stated,
"In fiscal year 1401, we achieved optimization of fuel consumption worth
2,609 billion rials, utility consumption optimization worth 134 billion rials,
and savings of 1,210 billion rials resulting from the implementation of the
Baderi continued, "Despite the decrease in operational revenue
due to export barriers and limitations, the net profit for fiscal year 1401
reached 31,451 billion rials, marking a significant 53% increase. This growth
is a testament to the soundness of the targeted investments made by the company
in the past."
According to the report, based on the identification of the net profit
of 31,451 billion rials resulting from the performance of Fanavaran
Petrochemical Company in fiscal year 1401, a base dividend of 900 rials per
share was announced for the allocation to the company's shareholders and was
approved by the assembly.