According to NICICO, the board of directors of the National Iranian Copper Industries Company approved an increase of 30 percent of the company's accumulated profits.
Accordingly, "NICICO" plans to raise its capital from 60000 billion to 78000 billion Rials.
The company's 30 percent increase in capital has been taken from the accumulated gain and is intended to offset the costs of investments made in recent years.
In the first quarter of this year NICICO managed to record a sale of 313 billion Rials and a total cost of 12707 billion Rials, net profit of 11.470 billion Rials( per share 191 Rials).
Translated & Edited by:Rahimzamani