Q1 Sales of Major Urea Producer grow 187% Y/Y

Q1 Sales of Major Urea Producer grow 187% Y/Y
(Sunday, July 17, 2022) 09:37

TEHRAN (NIPNA) -- The sales of Shiraz Petrochemical Company, the world’s second largest urea producer, have increased by 187% in the first quarter of the current calendar year, which began on March 21, compared to the same period last year.

According to the plant, the company sold Rls. 49 billion worth of products during the first quarter of the year, setting a new record in its sales.

The growth came despite rising concerns about the low season in the global markets for the items produced in the facility.

Meanwhile, the plant’s sales rose 12% in terms of volume during the first quarter year-on-year.

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