News ID: 603
Date: Wednesday 20 March 2024 - 0:37

The records of stock refineries were reviewed;

Falling dollar profitability of refineries in 9 months of 1402

Falling dollar profitability of refineries in 9 months of 1402
The net profit of all listed refineries in terms of Nima dollars has decreased in the first 9 months of this year compared to the same period last year.

According to the exclusive report of Energy Press, exchange rate fluctuations have a significant impact on the profitability of refining companies. Previously, in a report, we discussed the dollar profitability of refineries. As the dollar rate increases, the gross profit of oil refineries increases. Now, it must be assumed that if the dollar rate remains constant, will the process of profitability of the refineries continue to be the same or will the declining figures happen more strongly? For this purpose, the lever for increasing the remittance dollar rate from 26 thousand tomans to 37 thousand tomans should be removed. For this purpose, the figure of the net profit of the refineries is divided by the Nima dollar rate of the same year and their net profit is obtained based on the Nima dollar. The net profit of all listed refineries in terms of Nima dollars has decreased in the first 9 months of this year compared to the same period last year. In this info, we have compared the net profit of refineries in 9 months of this year compared to the same period last year.

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