Pars Petchem Output up 19% Y/Y

Pars Petchem Output up 19% Y/Y
TEHRAN (Shana) -- The CEO of Pars Petrochemical Company said the plant’s output grew by 19 percent in the calendar year of 1398 which ended on March 19, in comparison with the preceding year.

Addressing the company’s annual general assembly, Massoud Hassani said on Tuesday that in 1398, the complex had produced a total of 4.205 million tons of products, adding the company’s butane production increased by 20%, ethyl benzene by 23%, styrene monomer by 23% and ethane production by 17%.

He said that the production record of 5% higher than the nominal capacity was one of the achievements of Pars Petrochemical Company in terms of production, and said in 1398, compared to the previous year, the production of the plant rose by 19%.

The CEO mentioned the 13% increase in sales of the company's products in terms of volume as another achievement of Pars Petrochemical Plant in 1398, and said: "Sales of the profitable styrene monomer in 1398 increased by 23% in terms of volume."

He also stated that in terms of increasing the company's sales in Rials in 1398, compared to the previous year, “we had a total increase of 61%, in styrene monomer 66%, pentane 75%, butane 49% and propane 41%."

The company's gross profit increased by 28% and operational profits by 5% year-on-year, he added, saying the basic profit per share in 1398 increased by 1.2%.

Jul 24, 2020 11:06 |
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