Good news_Petrofarhang came out of losses and became profitable After several years of losses, Petrofarhang Holding came out of losses and became profitable in 9 months of the financial year 1402-1403. According to the public relations and communications report of Petrofarhang Holding, in the 9 months of the financial year 1402-1403, in addition to creating a favorable net profit and its 110 % accomplishment, it has witnessed this profit`s 188 % growth and 86% in gross profit compared to the same period of the previous year. Also, during this period, there has been a 38% increase in methanol production compared to the same period last year, while last winter, due to gas imbalance, we have seen a halt in the production of Petrofarang affiliates for more than 3 months. Focusing on sales and trading operations and reducing trading costs from one percent to two tenths of percent, financing 2 thousand billion tomans from the capital market to complete the Dana project, entering the value-creating downstream chain of methanol in the two Lavan and Aria chemical projects and obtaining their basic agreement, the start of the construction of 3 solar power plants, the start of the executive operation of the 4-star Qutb Sepehr hotel after 8 years of suspension, and the merger of Sablan and Dana companies in order to prevent the loss of 3 thousand billion tomans, were some of the actions taken in the 9 months of the financial year 1402-1403.<\/p>\n
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