The annual general assembly of Kharg Petrochemical, ending fiscal year 2025/3/20, was held on the morning of June 10 at the Talash Cultural and Sports Complex with the attendance of 91.51% of legal and real shareholders.
Komeil Pourziaei, CEO of Kharg Petrochemical, said that Kharg Petrochemical’s operating income in the fiscal year 2024 with sales of $342 million reached 16.8 thousand billion tomans, which was a 20 percent increase compared to the previous fiscal year. The company’s operating profit also reached 7 thousand billion tomans, which represents an increase of 92 percent.
Pourziaei added that Kharg’s net profit recorded a record 6.3 thousand billion tomans, which has grown by 104 percent.
Referring to the synthetic ethanol development project in this complex, the CEO of Kharg Petrochemical said that with the implementation of this project in line with the value chain of Kharg Petrochemical, it will become the methanol hub of the region. Also, Negotiations have been held regarding the license. He declared that new propane storage tanks are also being built.
Pourzai emphasized the stability of feedstock supply and its rate and the global price of methanol as a challenge for Iranian methanol companies.
At the end of the assembly, a profit of one thousand tomans per share was approved by the assembly.
