date : 24 October 2017

Fifty-one per cent Growth in the current year profits of IRANOL Company

Interim information and financial statements of IRANOL Petroleum Company (SHERANOL) for the fiscal period concluding on Sep. 22, 2017 (31/06/1396 of Solar Calendar) were published.

As reported by Public Relations and Advertisement Department of IRANOL Company, quoting economics correspondent of Iranian Labor News Agency (ILNA), interim financial statements of IRANOL Company declare the sum of IRR 989 as the dividend for each single stock mentioned in the profit and loss statement, indicating a fifty-one per cent increase in relation to the previous similar (fiscal) period which was accompanied by a twenty-four per cent rise in sales growth published in Securities and Exchange Organization's CODAL System under SHERANOL stock symbol. 

Based on the information published in the aforementioned system, projected divided to be gained from each stock for the fiscal year concluding on March 20, 2018 is the sum of IRR 1,922, which demonstrates that fifty-one per cent thereof has been realized thus far.

It is worth mentioning that the Company's net profit, against a registered capital of IRR 1,000,000,000,000, for the fiscal period concluding on Sep. 22, 2017 has been the sum of IRR 988,789,000,000 that shows a fifty-one per cent growth when compared to the sum of IRR 655,244,000,000 recorded for similar period concluding on Sep. 21, 2016. Needless to say that with such increase in growth, comparing interim information published in Securities and Exchange Organization's CODAL System, IRANOL shows the highest level thereof amongst the four listed domestic manufacturers of lubricant.