EghtesadOnline: Financial statements of listed companies show their sales increased an average 57% in the month to Oct.22 compared with the corresponding month a year before.
The companies sold goods and services worth 1,563 trillion rials ($5.7 billion) in one month, which was 966.6 trillion rials ($3.5b) above the same period last year, the Securities and Exchange News Agency reported, citing companies’ data published on codal.ir.
Codal is an information platform on which listed companies publish financial statements and present data to shareholders.
Topping the list were petrochemical companies, posting 85% increase in sales compared to the corresponding period last year. They reported 369.17 trillion rials ($1.39b) in sales in the month.
Basic metal companies came in second with 361.59 trillion rials ($1.33b) – up 54% on the same month last year.
Banks and credit institutions ranked third with 187.24 trillion rials ($690 million) offering financial intermediary services, income from interest on loans and fees. Compared to the same period last year they showed 48% growth.
Monthly sales of mineral companies amounted to 108.7 trillion rials ($402m), up 64%. Likewise auto companies and auto spare part producers generated 106.18 trillion rials ($393m) up 63%.
Insurance and pension funds generated 48.4 trillion rials ($179m) up 29%. Pharmaceuticals and food industries sold 46.8 trillion rials ($173m) and 31.18 trillion rials ($115m), respectively, showing 78% and 68% rise compared to the same month a year ago.
The worst performers were investment companies and multidisciplinary holdings. Companies under the former reported 24.51 trillion rials ($90m) in revenue in the month, down 19% on the same period last year.
Giant multidisciplinary holdings generated 25.88 trillion rials ($95m) in the month down 7%. Two major companies in this group are the state-affiliated Social Security Investment Company and Ghadir Investment Company.