Petrofarhang is now out of Operating Loss;

The CEO of Petrofarhang Holding stated: “This holding got out of Operating Loss and reached Operating Profit in the second half of 2023.”

Dr. Javad Zarepour added: “Petrofarhang Holding reached an Operating Profit of 10,000 billion Rials in the second half of 2023 while at the same time the year before (2022), Petrofarhang Holding had faced an Operating Loss.”

He noted that with the undertaking of the plans on the agenda, they hope Petrofarhang celebrates reaching Net Income by the end of the financial year 2023-2024 (1402-1403) and added: “Lowering production costs, increasing and sustaining production, boosting the performance process of project-oriented plans, and completing the value chain by moving towards downstream industries is among the prior plans of this industrial group.”

“We are earnestly pursuing the profitability of manufacturer companies, hoping to be able to develop wealth for our dear shareholders (educators) by enforcing the ongoing programs and playing an influential role in the total economic development of Iran,” said Dr. Zarepour, besides his previous words.

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