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Alvan Tile Company’s Performance Reviewed
Tehran- Sadr Tamin Investment Company hosted a meeting to assess the performance of Alvand Tile Company in the first quarter of the Iranian year to March 19, 2024.
A couple of senior managers of Sadr Tamin Investment Company (TASSICO) including Mohammad-Saber Parvaresh, deputy chief for companies’ affairs, Mohsen Behzadi, portfolio and financing director, Mohammad-Reza Rezvanianzadeh, deputy chief for plans and projects, specialists and experts attended the meeting on Monday, July 24 at the Conference Hall of the company.
Chief executive of Alvand Tile Company, Morteza Deris, board members and managers of the company also participated in the meeting to evaluate its performance in the 1st quarter (March 21-June 21, 2023), TASSICO’s website reported.
On the performance of the company over the first three months of the current year, Deris said in his report that a 50-percent rise in sale helped 110 percent of income envisaged in the budget of the company be achieved.
Net profit of Alvand Tile Company, the managing director noted, grow by 70 percent in the first quarter compared to the same period of last year, meaning that 99 percent of the budget forecasts were achieved in this category. This is while gross profit increased by 60 percent, materializing 96 percent of the budget, during March 21-June 21, 2023 compared to the March-June 2022, he added.
Deris referred to the exports, which rose by 7 percent in the first quarter compared to the first quarter of a year before, promising to make plans to remove obstacles and identify new foreign markets with higher margin profit.
Alvand Tile Company also took steps to recover water from the dryer exhaust and launch Falcon palletizer for the line I of Alvand III to develop and complete value chain, Deris noted, adding that both production lines of the company had potential to make products made of porcelain to optimize operational process and add value to the products.
Meanwhile, Alvand Tile Company has managed to carry out an energy management strategy in the first quarter through projects to cut consumption, recycle half-made products, prevent decline in quality and quantity whenever there were power and gas outages and have an alternative fuel reservoir. The measures have led to a 20-percent decline in energy consumption by the company.