Shabriz; The big loser of the refineries / the net profit of Tabriz oil refining was halved – Tejaratnews

According to Tejarat News, the review of the 6-month financial statements of Tabriz Oil Refining shows that Shabriz has disappointed its shareholders in the first half of the year. Because the production amount of the company in this period was about one third of the same period last year and this caused the sales amount of the company to decrease by more than 23% and reach two million and 439 thousand cubic meters.

The income of Shabriz went down

This was just an overview of Tabriz Refinery’s performance, and the work does not end there; Because with the decrease in the amount of sales, naturally, the income from the sale also decreases. But the decrease in Shabriz’s income was not the same as the decrease in its sales; Because in the past one year, the problem of cracking spreads has been affecting refineries all over the world. In this way, the income from the sale of Shabriz in the first 6 months of this year has reached 36,663 billion tomans from 55,430 billion tomans in the first half of last year with a 30% drop.

On the other hand, the final price of the company’s products increased by more than 28% due to the decrease in sales and the increase in production costs, reaching 34,510 billion tomans. In this way, the result of the income and cost of Tabriz oil refining company brought a gross profit of 4,152 billion tomans, which is more than 43% lower than the gross profit of 7,397 billion tomans in the same period last year.

Sharp drop in profitability of Shabriz in the first half of the year

A look at the financial statements of Shabriz indicates that the operating profit of the company has also faced a sharp decrease of 43% in this period and has reached from 6 thousand 904 billion tomans to 3 thousand 905 billion tomans. Also, while in the first 6 months of last year, Shabriz had income from “other income and non-operational expenses”, but this place cost the company 55 billion.

Thus, the net profit of Tabriz oil refining reached 2,797 billion tomans from 5,229 billion tomans in the first half of last year with a decrease of more than 46%. It should be noted that according to the net profit identified, according to the registered capital of three thousand billion tomans, 93 tomans per share is awarded.

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