Persian Gulf Petrochemical Industry Holding released its first audited budget for the fiscal year ending June 20, 2016 with 1839 EPS which was 12% less than the previous year. This company estimated the next year’s return ratio to be 14% less than the current year’s as 42,191,303 IRR. However, it forecasted the return resulting from investment sales to be 17% more than the current year’s as 3,750,000, relying on the return gained from selling Fajr Petrochemical Company’s shares. As a conclusion, its total income and operating profit in the FY2016 have been estimated to be 45,941,303 IRR and 45,589,666 IRR respectively which both reveal a 12% decrease compared to the last year.
With its 600,000,000,000 IRR capital, Shahid Ghandi Corporation Complex, a communication cables producer in Iran, released its audited financial statement ending March 2014 which realized 225 loss per share. It is so while this amount was 187 loss per share in the previous year with 300,000,000,000 IRR. This shows a 3% drop in the company’s gross profit and its operating profit was also 15% less than the last year’s. Although the products’ final cost decreased by 3%, it was counteracted by the 27% growth of its financial costs.
Isfahan Steel Co. spent a tough year. Despite the good production, the company could not cover its forecasted budget due to heavy recession in metals and steel market. The company had forecasted 500 IRR EPS for FY2014 which adjusted negatively to 65 IRR based on 9 months period performance. However, the company recognized 163 IRR EPS at the end of FY2014. Based on company’s reports, the company is suffering from the low demand in domestic markets but the cash export sales to countries such as Iraq, Oman, and Afghanistan reached more than 160 thousand tons in 2015. The company has predicted 85 IRR EPS for FY2015 and any boom in development and construction projects may double this number.
Iran Khodro’s surprise for shareholders
Iran khodro Company recognized 481 IRR earning per share in FY2014. This company, with almost $ 3.6B capital, has posted its unaudited performance report for FY2014 ended on 20th March. This is while Iran Khodro had recognized 96 IRR loss per share in FY2013, with $ 2.8 B capital. Iran Khodro ‘s net sales ,being $1.69 B in FY2013, surged 17 percent in FY2014.Also, Cost of goods went up by 14 percent in financial year 2014 and gross profit, with 22 percent rise , reached $659000.This company also experienced 29 percent increase in expenditures sum and operational profit, with 20 percent growth, reached $553 M.
Good Reopening for a pharmaceutical symbol
Darou Pakhsh Pharmaceutical Mfg. Company, whose ticker was halted in the stock exchange market due to its annual general assembly for FY2014 at 4899 IRR, was reopened after this company divided 650 IRR cash in its assembly. What was interesting about the reopening session for this pharmaceutical symbol was its 14 percent rise in price against the expected theoretical price, calculated at 4249 IRR, as it was transacted at 4850 IRR and continued to be positively traded at 5092 IRR and even experience buying queue with P/E rate of 4.32.
Whereas three months have passed from the Persian New Year and no act has set the feed price of the petrochemical complexes, non-official news agencies are implying a disagreement between the Ministry of Petroleum and the National Petrochemical Company on the feed price. The last act regulating the feed price is the budget act in 2014 and no act has been approved determining the feed price in the current year. Apparently, there are severe discrepancies between the Ministry of Petroleum and the National Petrochemical Company on the feed’s final prices. In fact, after the increase of the feed price to 13 cents per cubic meters, the petrochemical complexes in question would buy gas feeds at about 3445 IRR considering the 26,500 IRR exchange currency in the last year. It is so while most of them have regarded the feed price to be 8 cents with the 28,500 IRR exchange currency which equals 22800 IRR. In other words, not only do they do their best to decrease petrochemical complexes’ feed price, but also they have considered these figures in their financial statements and believe in them.
The second fixed-income Exchange-Traded Fund (ETF), Ganjineh Ayandeh Roshan Investment Fund, will offer its 10,000-rial investment units, bearing a 26.5 percent interest, starting June 6. A minimum of 10 and a maximum of 49 million investment units can be purchased by each investor. The underwriting period will be three days and most of the units have apparently been bid for. Secondary trading of the units will start in IFB’s new financial instruments market. The $15-million investment fund will deposit 90 percent of its money in banks and invest the rest on other securities. The minimum compounded daily interest of the fund is set at 23 percent, though the fund’s managers are trying to raise it to 26.5 percent with no charge.
Yazd Alloy Steel Company recognized 523 IRR earning per share, with $ 24.8 M capital at the end of FY2014 (ending on 20th March), which shows 39 % decrease against the actual EPS gained in the same period last year ,with the new capital increase. This company, with $12.1M capital, delivered 1756 IRR actual EPS in FY2013, which equaled 856 IRR EPS with the new capital increase. The net sales, demonstrate 60 % rise in FY2014 in comparison with the fiscal year before. Also, gross profit and expenditures sum rose by 74% and 3 % respectively versus last financial year. Moreover, the operational cost experienced 85 percent increase, but financial expenses were doubled and reached $4.25 M.
This company recognized 332 IRR per share in its audited report for FY2014, which shows a significant 295 percent positive growth against its actual performance last year in the same period. The overall revenue of this auto parts maker was about $14.5 m in FY2014 (ending on March 20th) which demonstrates 220 percent rise in comparison with last fiscal year. Although Iran Auto-Parts had recognized operational loss of around $106000 in FY2013, it managed to gain $20.6 m operational profit at the end of the FY2014. Thus, this company, which had projected 211 IRR per share in its latest periodical forecast for FY2014, was able to improve it to 332 IRR per share in its performance audit report for the fiscal year2014, which saw 57 percent increase.
Shares of Iran Tractor Industrial Group outpaced its yesterday settlement price by 5%. The news of paying high cash dividend by Siba Motor Co., one of the Iran Tractro’s subsidiaries, increased the buying pressure on Machinery & Equipment sector. Iran Tractor Industrial Group announced 760 IRR EPS for FY2014 which could be increased by 210 IRR due to this dividend. The rumors say that Siba Motor has the ability of dividing 600 IRR bn in its assembly general meeting. The part of Iran Tractor from this split will be 210 IRR per share.