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Thursday, October 25, 2018 - 2:36:58 PM
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Mining News Pro - Esfahan Steel Company during six months ended September 2018 for each share of 75 Rials has identified a profit of 249 billion Tomans net profit, while in the same period of the previous year, the company identified 36 reals equal to 184 billion Tomans.
According to Mining News Pro -The 51% increase in sales is the main reason for identifying profits from the same period last year.
The important point in the report of Esfahan Steel Company is the state of affairs and its bank debt, which will lead to significant positive changes in the financial statements of steel, especially the reduction of financial costs and the sharp increase in net profit.
Including its plans for the continuation of the year, planning for the marketing and sale of value added products, maintaining and developing the market share and achieving the new target market, as well as floating sales (a combination of domestic and foreign) with regard to the conditions of the embargo. The situation of the domestic and foreign markets has been described.
Iron smelter also referred to the Coal Association`s request for a coal price correction based on 30% of the price of bullion in its 6-month report: this issue is being reviewed by the board of directors and negotiations are ongoing with the association. .
The company reported a 20 percent increase in prices from the beginning of July this year.
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https://www.miningnews.ir/En/News/287656
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