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Arfa Iron and Steel reported net profit of 5.63 trillion tomans for the first half of Iranian year 1405, compared with 1.61 trillion tomans a year earlier, an increase of 249%. The result was 15.8% higher than the company's profit for the whole of 1404.
Operating revenue rose 115% to 28.24 trillion tomans. The net profit margin improved from 12.27% in the previous first half to 19.94%.
The company also increased steel billet production by 28.4% to 515,582 tonnes and produced 631,236 tonnes of direct reduced iron during the six-month period.