Tabriz Oil Refinery showcased significant financial performance in its financial report for the six months ending in Shahrivar 1405. The company's operating income during this period reached 276 Hemat (thousand billion Tomans), which represents a 162% increase compared to the operating income of 105 Hemat in the same period last year.
Significant Growth in Gross Profit and Operating Profit
Alongside the increase in income, the company's cost of goods sold also grew by 140% compared to the same six months last year. Despite this increase in costs, Tabriz Oil Refinery's gross profit reached 54 Hemat, marking a 317% increase compared to the same period last year. This increase, along with the growth in operating income, indicates an improvement in the company's profitability metrics in the first half of the current financial year.
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In the financial report, Tabriz Oil Refinery's operating profit by the end of Shahrivar reached 52 Hemat, which also represents a 331% increase compared to the same period last year. This growth in operating and gross profit is among the highlights of the company's financial performance in the interim report.
Increase in Net Profit and Registered Capital
Tabriz Oil Refinery's net profit increased by 366%, rising from 9,999 billion Tomans in the same period last year to 42 Hemat in the current period. This increase reflects the company's success in managing costs and improving financial operations. Additionally, the company's latest registered capital is reported to be 3,000 billion Tomans, and with this capital, the realized profit per share has reached 13,987 Rials.
Overall, the six-month financial statements of Tabriz Oil Refinery demonstrate significant growth in operating income, gross profit, operating profit, and net profit for the company. In other words, the 366% increase in net profit and the recording of a profit of 42 Hemat are among the most important points of the company's financial record until the end of Shahrivar.
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