Sarcheshmeh Copper Investment holds AGM: parent net profit up 42% to 18.451 trillion rials in fiscal 1404

Sarcheshmeh Copper Investment Company held its annual general meeting for the fiscal year ended March 20, 2026 (29 Esfand 1404), with more than 63.41 percent of shareholders present, and approved its financial statements after the independent auditor's report. According to Khabaronline, quoting CEO Mehdi Bagheri, the parent company's net profit reached 18.451 trillion rials for the year, up 42 percent from the prior year, while consolidated profit rose 65 percent to 33.021 trillion rials. Bagheri said a capital increase from 15 trillion to 21 trillion rials, funded from retained earnings, is planned pending approval from the Securities and Exchange Organization. He also reported progress on phases 3 and 4 of the Sarcheshmeh copper complex's concentration project and said the Khatunabad slag flotation project has entered its startup phase.