According to Mining News Pro - General embassy of HOSCO (TSE: IRISA) announced that the gross profit of the company increased by 109% in a meeting with shareholders.

Morteza Shabani, head of general embassy in HOSCO said that the total capital of the company is $1.8 million. According to fiscal year report in 2019, operational income of HOSCO jumped by 76% and gross profit jumped by 109% compared to the same period last year.

Also, the company gained $129,411 of net profit last year.
“75% if IRISA’s share belongs to Mobarakeh Steel Company. The staff and retireds owns the other 25%.