On this basis, Sharak was able to earn about 171 thousand billion riyals from the sale of manufactured products in its six-month period (ending in September 2024). For the same period last year, it shows a 34% growth.
According to the financial statements published by Shazand Petrochemical Company, this company was able to record sales of approximately 180 thousand billion riyals in in Spring & Summer of 2024 with a successful performance.
From this amount, the export sales of the company amounted to about 41 thousand billion riyals. The performance of Shazand Petrochemical in September 2024 was also significant. The company was able to have an operating income of 37 thousand billion riyals. which indicates a 17% growth compared to August, and the upward trend in the sale of Sharak in September 2024 compared to the one-month period of last year was 53%, which is more than the declared inflation of the country and is considered an achievement.
Also, the amount sales of Sharak products since the beginning of the financial year 2024 until now (September) have reached 454 thousand and 809 tons, which has increased by 2% compared to the same period last year. It was 93.230 billion riyals.
Shazand Petrochemical Company has been able to succeed in this direction in order to jump production and consequently increase in rial and foreign currency income, and it is expected that the upward trend of income generation and production of this company will continue until the end of the financial year 2024.
Source: Shazand Petrochemical Department of Public & International Affairs
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