Minerals, Mining Industry Firms' Q1-3 Net Profits Drop 22% to $3b

EghtesadOnline: Mobarakeh Steel Company made the highest profit among the firms under review with 345 trillion rials ($770.04 million), down 33%. National Iranian Copper Industries Company came next with 310 trillion rials ($692.27 million), down 18%

News ID: ۷۵۲۲۲۴

06 February 2023

Heavyweight local companies in the field of minerals and mining industries earned 1,345 trillion rials ($3 billion) in net profit during the first three quarters of the current Iranian year (March 21-Dec. 21), registering 25% year-on-year decline.

According to new data released by Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company made the highest profit among the firms under review with 345 trillion rials ($770.04 million), down 33%.

National Iranian Copper Industries Company came next with 310 trillion rials ($692.27 million), down 18%.

Chadormalu Mining and Industrial Company’s profit decreased by 23% to 140 trillion rials ($312.63 million).