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Fri Sep 13, 2019 11:53 am
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Ur profits exceed KD 20 billion in first half of 2019
Economy News - Baghdad
Or General Company announced that its sales increased to 25 billion dinars during the first half of this year, while indicating that it has signed a contract with Central Electricity to supply it with wires and cables at a cost of two billion and 600 million dinars.
The company manager Haidar Sahar said in a statement quoted by the official newspaper "morning" and seen by "Economy News", that "the company signed a contract with the State Electricity Company at a cost of two billion and 685 million dinars to be equipped with cables and electrical wires," indicating that "the contract includes the supply of air wires 285 kilometers and electric and other cables. "
He stressed that "the company continues to modernize its production lines and improve and increase production to support the domestic product that matches the importer," explaining that "the volume of sales of the company during the first half of this year has increased significantly compared to last year, where revenues reached about 25 billion dollars last year. Sales of about three billion dinars per month and aspire to raise monthly revenues to five billion dinars.
He pointed out that "revenues during the first half of last year only seven billion dinars," and noted that "the company plans to raise the rate of sales during the coming years to 60 billion dinars."
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