Urmia Petchem Co. Reports 2.5-Fold Surge in Sales

Urmia Petchem Co. Reports 2.5-Fold Surge in Sales
(Wednesday, October 25, 2023) 02:05

URMIA (NIPNA) -- Petrochemical Industries Company of Urmia announced a remarkable 2.5-fold increase in sales based on the financial reports of the first six months of the Iranian year 1402, compared to the same period last year.

According to reports from Petrochemical Industries Company of Urmia, the company's real sales have surged by approximately 150% in the first half of the year 1402 compared to the corresponding period in the previous year, resulting in a 2.5-fold growth.

The weight-based sales of Petrochemical Industries Company of Urmia also saw a 38% increase during the first six months of this year compared to the same period last year.

The substantial 150% growth in real sales, combined with managerial and operational improvements, has led to a more than threefold increase in the profit margin for the first half of this year compared to the same period in the year 1401.

This report indicates that the company's trajectory of advancements continues, with the launch of the Poly Aluminum Chloride (PAC) project set to conclude by the end of this year, as well as the approval and commencement of a new value chain project, offering promising prospects for the future of this company.

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