Fundamental analysis of “Boali” / The decline in Boali Petrochemical revenues in the first half of this year
According to Tejarat News, with the publication of the monthly report of Bo Ali Petrochemical in September, the result of the company’s 6-month performance was determined. If the figures of the company’s monthly reports are collected in the last 6 months, it is clear that Boali Petrochemical has produced more than 995 thousand tons of its products in the first half of this year, which has decreased by 3.4% compared to the last 6 months. Also, the sales amount of the company has decreased by more than 22% in this period and reached 830 thousand tons.
Of course, the drop in income in the first 6 months of this year did not decrease as much as the amount of sales. Because the average sales rate of the company’s products in the first 6 months of this year increased by 19.5% compared to the first half of last year and reached 268 million Rials. Despite this issue, the company’s income for the first six months of this year continued to decline, and from 24,177 billion tomans in the first half of 2011, it decreased by 7.7% to 22,323 billion tomans in the first six months of this year. In general, Bo Ali’s performance in the last 6 months of this year was not positive, and if it were not for the increase in product rates, it would have been more difficult for Bo Ali. The same process also happened in Shahrivar, and the company’s performance report for this month was not satisfactory.
Bu Ali’s performance in Shahrivar
Reviewing the monthly performance report of Bou Ali Sina Petrochemical shows that the company was able to produce 153 thousand 989 tons of its products in Shahrivar and increase its sales amount to 118 thousand 739 tons. Having said that, comparing the figures of Boali’s September report this year with last year’s September shows that the company’s production and sales have decreased by 7% and 38%, respectively.
On the other hand, the company’s production has decreased by 16.4% compared to the company’s production of 184,161 tons in August. Also, the sales amount of Bu Ali has decreased by 36.8% compared to August.
Nouri’s monthly income decrease
The sharp decrease in the sales volume of Buali in the last month of summer seriously threatened the company’s monthly income. So that the company’s monthly sales increased from 5,28 billion tomans in August to 3,347 billion tomans in September. Also, the company’s income in September last year was about 32% higher than the current figure.
Increase sales rate
But another thing to pay attention to is the average sales rate of the company’s products. As shown in the graph, the average sales rate of the company’s products has been on an upward trend in the last year. Although this number has not changed significantly compared to last year’s September and August, but this minimal increase in the sales rate also prevented the fall of Boali’s income generation.
Thus, the average sales rate of Buali products has reached 282 million rials from 268 million rials in August with a growth of 5.3%. Also, the price of the company’s products in September last year was about 10.5% lower than the current figures.
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