Bu Ali Sina Petchem Company Reports 74% Profit Surge in H1 1402

Bu Ali Sina Petchem Company Reports 74% Profit Surge in H1 1402
(Sunday, October 29, 2023) 09:05

TEHRAN (NIPNA) -- Bu Ali Sina Petrochemical Company has announced a remarkable 74% surge in profits for the first half of the Iranian calendar year 1402, marking a substantial financial achievement. This financial report covers the interim period of six months, ending on the 31st of Shahrivar 1402.

According to the financial statements released by Bu Ali Sina Petrochemical Company, which are still subject to auditing, the company reported earnings of 4.521 Rials per share during the first half of this year, which corresponds to September 22, 2023, in the Gregorian calendar. This signifies an impressive 74% increase compared to the corresponding period of the previous year.

In addition to this significant profit boost, the company has also revealed total earnings of 64,881,377,000 Rials (64,881 billion and 377 million Rials) throughout the first six months of the year 1402. With this promising financial performance, there is anticipation that the company might surpass last year's profits over the span of only nine months.

Bu Ali Sina Petrochemical Company's success is attributed to its operational efficiency and effective management, which have led to the remarkable increase in profits. This impressive financial performance is expected to enhance the company's position in the petrochemical industry and contribute to the overall economic growth in Iran.

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