Damascus, SANA- The General Establishment for Chemical Industries (GECI) has estimated the profits of its subsidiaries during the first nine months of this year at about SYP 6.7 billion, the highest were achieved by the Arab Company for Pharmaceutical Industry Tamiko as they were estimated at about SYP 3 billion pounds, followed by Umayya Paints Company SYP 2.5 billion.
According to the GECI production and marketing report, its companies’ sales reached a value of about SYP 28.3 billion, with an implementation rate of 125 percent of the sales plan.
The highest profits were made by Tamiko Company reaching SYP 12.3 billion, then the Shoes Company SYP 5.8 billion and the General Company for Paints SYP 4.7 billion.
The report added that sales increased by 225 percent compared to the previous year, as they approached SYP 12.6 billion at the time.
Meanwhile, the GECI subsidiaries’ production from the beginning of the year until last September was estimated at a value of SYP 29.8 billion, with an implementation rate of 132 percent of the plan amounting to SYP 22.6 billion.
Tamiko obtained the largest part of the production value at about SYP 12.6 billion, followed by the General Company for Paints with a value of SYP 6.1 billion, and the Shoes Company with a value of about SYP 5.8 billion.
According to the GECI Director, Dr. Osama Abu Fakhr, the value of the companies’ stock increased since the beginning of the year by about SYP 2.1 billion, reaching about SYP 8 billion until the end of September 2021, compared to about SYP 5.8 billion at the beginning of the year.