33% growth in rial sales and 51% growth in the company’s net profit in the first six months of 2023
According to the public relations report of Bandaramam Powder Production Industries Company, the performance evaluation meeting for the first six months of this company ended on 10/10/1402 on 05/10/1402 with the presence of Mr. Dr. Parvaresh, the honorable vice president of Sadratamine Holding Companies, Mr. Dr. Hosseini Respected CEO of Epico Company, members of the Board of Directors and managers of the holding company were held in the meeting hall of Sadratamine Investment Company.
At the beginning of the meeting, the CEO of the company, Mr. Hehtihi, presented a report on the changes in the company’s approaches regarding the extraction (production) and sale of the company’s products, according to the changes in the market conditions, challenges, measures, plans and achievements of the first six months of the financial year 1402 to the members of the meeting. they did Solving the problems of suspending the operating license of the Mahshahr factory, signing a memorandum of understanding with a foreign company to use the potential and facilities of the Mahshahr factory to activate the production lines of drilling mud and the oil sludge recycling system in the oil-rich areas of the south of the country and the neighboring countries of the Persian Gulf, the customer Searching for bentonite products in the livestock and poultry industry, obtaining a seat on the board of directors of the country’s bentonite association, and solving part of the company’s past debt problems to social security have been part of the actions of the company’s board of directors in the first six months of 2023.
The 33% growth in Rial sales and the 51% growth in the company’s net profit in the first six months of 2023 compared to the first six months of 2022 are among the notable points of the performance report of this period.
In addition to the unfavorable weather conditions and intensification of rains in the first quarter of the financial year, due to the necessity of tailings removal and preparation of the extraction works in the second quarter of the year, Mr. Financially, the major part of the company’s engineering power and mining machinery has been spent on huge tailings removal in Dost Abad bentonite mine, which due to the completion of this stage of tailings removal, the drop in production will be compensated in the third quarter of the financial year.
