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Plant Revenues Grow 87% in H1

Plant Revenues Grow 87% in H1
(Monday, December 2, 2019) 10:50

TEHRAN (NIPNA) – Jam Petrochemical Plant’s year-on-year revenues grew by 87% in the first half of the current calendar year, which began on March 21.

Jam Petrochemical Company's operating income in the first half of the year was $68.76 million which shows an increase of 87 percent compared to the same period last year.

According to the company, the total sales of the company in the period was roughly 50.54 million dollars, which was an increase of 123 percent over the same period last year.

Much of this boost was due to rising raw material prices, an increase in salaries and wages, classification of accounts, rising utility prices, maintenance costs, as well as rising annual inflation.

Jam Petrochemical Plant has so far raised its capital five times.

The National Pension Fund Investment Company, the National Pension Fund, the Oil and Gas Investment Company, Tamin Petrochemical Company, Provincial Investment Company, and the Iranian Petrochemical Investment Group Company are the major shareholders of Jam Petrochemical Company.

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