VOL XL

No. 03

20-January-1997

IRAN

NPCS Gross Profit Rises To $779Mn In 1995-96

The National Petrochemical Company (NPC) of Iran has reported a record gross profit of $779mn in 1374 (year to 19 March 1996), up 35.5% from $575mn in the previous year, according to the company's Annual Report 1374 which has recently become available. Operating profit also increased to $676mn in 1374 from $441mn in 1373 but net profit fell to $149mn in 1374 from $221mn in 1373. The company also repaid...