The CEO of Kimia Pars Khavar Miane Petrochemical Company announced at the company’s annual meeting that Kimia had earned $259 million in foreign exchange and achieved 105% record of daily production.
The Annual General Meeting of Kimia Pars Khavar Miane Petrochemical Company, ending on Shahrivar 31, 1403, was held on Wednesday, Esfand 1, 1403, chaired by Ali Lotfi and attended by Naghi Manafi, Deputy Director of Finance and Resources of Petrofarhang Holding, senior managers of Petrofarhang Holding,representatives of the Farhangian Reserve Fund, and members of the Board of Directors of Kimia Pars Khavar Miane Petrochemical Company.
According to the Public Relations Report, the Annual General Meeting of Kimia Pars Khavar Miane Petrochemical Company was held / Operating loss turned into operating profit for the first time. Dr. Mohsen Nouri, CEO and Vice Chairman of the Board of Directors of the company, emphasized the importance of sustainable production at Kimia Pars Khavar Miane and added: “In order to support the asset of the educators and with extensive interactions, we were able to continue production for a longer period of time and were among the last companies to exit the production circuit due to gas outages.”
Referring to the adoption of efficient strategies in the company with the support of Petrofarhang Company, Dr. Nouri said: “With planning and improved performance in all parts of the company, including production and headquarters units, the company’s financial statements have improved”.
Dr. Nouri, presenting the fiscal year report, stated: The production of more than one million one hundred thousand tons of methanol and foreign exchange earnings of $259 million, as well as the conversion of operating losses into operating profits for the first time, were among the highlights of the company in the past fiscal year. The company has broken numerous records in the field of production and sales, including a daily record of 105 percent of nominal capacity and a 177 percent growth in production in Mordad compared to the same period of the year, while Kimia has managed to achieve its best performance since its launch, which is a promising event that promises to enhance the role of Kimia Pars Khavar Miane in the country’s economy and industry.
Presenting a report on the company’s profit and loss statement for the last fiscal year and referring to a 30 percent increase in production, Kimia’s CEO stated: “The company’s operating income shows a 25 percent increase compared to the same period last year, and the company’s financial expenses have also decreased by 4 trillion rials”.
At the end of this assembly, the financial performance was read by the independent auditor and the legal inspector, and the financial statements were approved. Also, Iran Newspaper was designated as the official newspaper of Kimia Pars Khavar Miane Petrochemical Company.