Pardis Petchem Co. Reports 88% Revenue Increase

Pardis Petchem Co. Reports 88% Revenue Increase
(Saturday, July 6, 2024) 17:54

TEHRAN (NIPNA) -- Pardis Petrochemical Company has reported an 88% increase in revenue for June 2024 compared to the same period last year, attributed to the strategic enhancement of its production, storage, and sales operations.

According to a report from Pardis Petrochemical, the company's monthly urea production surpassed 300,000 tons for the first time in its history during May and June, achieved through the relentless efforts of its staff across various departments.

In June, Pardis Petrochemical's sales exceeded 38 trillion rials, reflecting an 8% increase from May, an 88% increase from June of the previous year, and an 18% increase from the average sales over the past eight months of the fiscal year (from October 2023 to May 2024).

Over the first nine months of the fiscal year (from October 2023 to June 2024), Pardis Petrochemical earned approximately 300 trillion rials from its domestic and export sales, marking a 19% increase compared to the same period in the previous year. The company's total sales in the spring of 2024 saw a 36% increase compared to the spring of the previous year.

Production and Export Performance

Analysis of Pardis Petrochemical's production statistics for the nine months ending June 30, 2024, reveals that the company exceeded 114% of its production targets for ammonia and urea units. During this period, it produced 1,480,130 tons of ammonia, a 5% increase, and 2,330,694 tons of urea, an 11% increase compared to the same period last year.

Furthermore, the volume of urea exports in the nine months ending June 2024 showed a 21% increase compared to the previous year, resulting in a 23% increase in export value. Comparative charts also indicate a 14% increase in the total volume of exported products in the fiscal year 2024 compared to 2023.

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