A question from Persian Gulf Holdings and Old Bank; Which financial junction should the transfer of the assets open? Lordgan Petrochemicals; The cost of debt exceeded production revenue! In the first half of 1405, Lordgan Petrochemical had about 2623 billion tomans in operating income, but its financial cost reached 3550 billion tomans; That is, the cost of providing the money was 927 billion tomans more than the company's total sales revenue. In such a situation, the news about the transfer of property and shares to settle a foreign currency debt to Bank Sefa raises a serious question: when will this agreement end and will it really reduce the debt pressure on production? When the cost of financing a large petrochemical unit exceeds its sales revenue, it is no longer just an accounting issue; The issue is related to the ability to continue production, maintain employment and manage the country's industrial capital. Click to continue news.

A question from Persian Gulf Holdings and Old Bank; Which financial junction should the transfer of the assets open? Lordgan Petrochemicals; The cost of debt exceeded production revenue! In the first half of 1405, Lordgan Petrochemical had about 2623 billion tomans in operating income, but its financial cost reached 3550 billion tomans; That is, the cost of providing the money was 927 billion tomans more than the company's total sales revenue. In such a situation, the news about the transfer of property and shares to settle a foreign currency debt to Bank Sefa raises a serious question: when will this agreement end and will it really reduce the debt pressure on production? When the cost of financing a large petrochemical unit exceeds its sales revenue, it is no longer just an accounting issue; The issue is related to the ability to continue production, maintain employment and manage the country's industrial capital. Click to continue news.