17 October 2021 - 13:53
  • News Code: 322679
PGPIC Exports hit $2.4b in H1

TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding’s made $2.4 billion by exporting petrochemicals in the first half of the current Iranian fiscal year which began on March 20.

Jafar Rabiee told the annual general assembly of the company on Sunday, October 17, that PGPIC has had a real “leap” in its performance during the period, adding, “Persian Gulf Holding Group has increased operating income by 71%, consolidated operating profit by 164%, net profit by 148% and earnings per share by 146%.”

He added: "In the main company, the profit from investments soared by 85%, operating profit by 85%, net and base profit by 84% and 85%., respectively.”

The PGPIC CEO noted that the company has increased its capital five times in recent years, adding it was planning to boost its capital in the coming months one more time.

37th place in the world

Rabiee stated that PGPIC is now ranked 37th in the world, 2nd in the Middle East after SABIC and almost unrivaled in the country in terms of sales, which are national honors. “This company has been first in the country for several years in such indices as sales index, market value, export volume, profitability and generation of value added.”

News Code 322679

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