According to the public relations department of PGPIC, the CEO of the
company announced that the company had achieved a record-breaking $16.7 billion
in sales within the Gulf Petrochemical Industries Group, resulting in a
remarkable 39% growth in combined sales. The company also reported a 64%
increase in cumulative profits and a 26% rise in profitability, marking these
as significant accomplishments for the largest petrochemical holding in the
The CEO went on to report a 9.7% increase in production for the first
seven months of the Iranian year 1402, reaching one million and 350 thousand
Regarding the achievements, the CEO emphasized the benefits to
millions of people who profit from the hard work of the employees, engineers,
and managers of the Gulf Petrochemical Industries Group. The company aims for
transparency in its operations and stressed that in 1401, "Fars" was
ranked as the top company in Iran out of 100 companies in terms of sales,
export revenue, and market value, and second in terms of profitability and
Moreover, the company's position in the rankings of the International
Chemical Information Service (ICIS) also improved by 15% compared to the
previous year, reaching 27th place. The CEO acknowledged that the company could
have aimed for a higher rank, but challenges in the utility sector and the
presence of strong Chinese companies prevented further advancements.
Nevertheless, their goal for the upcoming year is to achieve a ranking below
20th place in this category.
Furthermore, the CEO addressed the company's impressive 39% growth in
market value, from 976 trillion to 1,350 trillion Tomans, highlighting PGPIC's
position as the largest market capitalization company in Iran.
He also mentioned the 13.5% market share of this holding, showcasing
its strong performance in the capital market and the mechanism facilitated by PGPIC’s
Market Maker Fund.
The CEO reported a 68% return on equity for Fars during this fiscal
year, while the overall market index returned 41%.
The General Assembly proceeded to hear the auditor's report and
approved the financial statements.
In conclusion, following responses to questions from shareholders, the
official newspapers "Ettela'at" and "Iran" were selected,
and the General Assembly approved the distribution of a 70 Toman dividend per