Today’s market news section deals with sectors owning the highest potential to be positively affected by the negotiation results as below.
Owning 208,833 IRR mn capital, Karoon Cement Company recognized 1,033 IRR EPS for the FY2014 ending March 19, 2015. It is so while this company had recognized 1,423 IRR EPS last year. This company could sell products worth 945 IRR bn which was 14% more than the last year; its products’ final cost grew by 35% and its gross profit dropped by 11%. Karoon Cement Company’s sum of expenses reached 72 IRR bn, showing a 239% raise. In 2014, this company faced a 26% fall in its operating profit and its financial costs decreased by 81% compared to the last year. In fact, the significant increase in its net operating costs led to this negative adjustment.
Holding 1,903 IRR bn capital, Iran Alloy Steel Company recognized 378 IRR EPS for the FY2014 ending March 19, 2015. It was so while it had realized 482 IRR EPS last year. In this year, this company could produce 385,418 ton products, being 6.5% more than the last year. Its main product was an alloy which involved more than 62% of this company’s production; then, its other important products were related to the construction, engineering, and industry sectors. Furthermore, this company could sell about 92% of its products and its sales amount rose by 20%. The average sales price of each ton of this company’s products for the FY2014 was 22,004,451, showing 4.2% increase. Besides, the final cost rose by 32% and the company’s gross profit reached 866.9 IRR bn which was 12% less than the last year’s and the administration, public and sales costs also went up by 101%. Although its other operating income faced a 3,010% growth, the sum of expenses also increased by 126%, its financial costs grew by 39%, and its operating profit also experienced a 28% decrease in comparison with the last year’s. Altogether, these factors ended in the 22% profit reduction of the company.
According to the reports released by the SEO on the top 50 listed companies for the 1Q2015, Sina Bank has been introduced as one of the influential companies on the market. Top companies or those with excellent conditions are often identified based on criteria such as the stock’s liquidity, influence on the market, and financial ratios’ superiority. As a result, top listed companies are those which have a higher liquidity level and are selected based on the triple criteria of shares’ trading number, shares’ trading frequency, and the company’s criterion of influencing the market which includes the average of the issued shares and the average of the shares’ current value during the investigation period. It is worth mentioning that it is not the first time that this bank’s was nominated for this level. This can be regarded as this bank’s ability to compete with older and more known banks of the country.
Possessing 195 IRR bn capital, Esfahan Sugar Company recognized 49 IRR EPS for the FY2014 while it had recognized 718 IRR EPS with the same amount of capital last year. In this year, this company produced the total of 164,782 tons of products being about 6% more than the last year’s; its sales amount also increased by 34%. Based on the nearly 40% increase of the sales amount, however, this company’s final cost jumped by 55%; its gross profit decreased by 46%; its administration, public and sales costs rose by 25%; and its other operating costs went up by 159%. Besides, its sum of costs became 45% more than the last year’s; its operating profit fell by 64%; and its financial costs grew by 99% which contributed to this reduction.
Possessing 2,400 IRR bn capital, Rayan Saipa Leasing Company recognized 317 IRR EPS at the end of the FY2014. It is so while this company had realized 316 IRR EPS with 1,200 IRR capital which could be 158 IRR considering the current capital. Rayan Saipa’s income from its leasing companies reached 1,954 IRR bn, showing a 72% rise and its leasing operations’ financing costs grew by 60% which could double the gross profit amount to 668.9 IRR bn. Besides, this company’s operating profit also rose by 786% standing at 436 IRR bn and its investment income jumped up by 44%. These factors contributed to the realization of 101% more profit for this company.
Owning 628,560 IRR bn capital, Tidewater Middle East Company released its 1Q performance report for the FY2015 ending March 19, 2016. According to this report, this company recognized 148 IRR EPS covering 22% of the whole year estimated profit. It is so while it had recognized 153 IRR EPS for the same period last year covering 31% of its whole year estimated profit. Although the realized profit in this period was less than the last year’s, the company has aimed to make 658 IRR total EPS that if realized, it will show a 34% increase. In the current year’s spring, Tidewater Middle East Company’s operating profit reached 70 IRR bn which was way more than its 1 IRR bn profit margin in spring 2014 and its financial costs equaled 7 IRR mn by 3 IRR mn fall due to its bank loans’ settlements. As a result, its profit margin increased from 2% to 27% compared to the same period last year.
Owning 140 IRR bn capital, Iran Radiator Company recognized 1,414 IRR EPS for the FY2014 ending March 20, 2015 which demonstrates a 136% increase in comparison with the last year. In this year, the company could sell products worth 1,709 IRR bn; its net sales ratio increased by 43%; however, its final costs grew up by 42% resulting in 321 IRR bn gross profit which shows a 49% raise. The sum of this company’s expenses was accompanied by a 3% fall and its operating profit reached 244 IRR bn; besides, its financial costs decreased by 67% which ended in the 136% return increase.
Kurdistan Cement Company only recognized 24 IRR EPS for the first half of the FY2015 ending September 22, 2015. Compared to the last year when it had recognized 133 IRR EPS covering 39% of its estimated 340 IRR EPS, this company could cover 12% of its estimated 193 IRR EPS with the same amount of capital. It is noteworthy to mention that Kurdistan Cement Company had forecasted 242 IRR EPS in budget report for the first quarter of the FY2015 which was negatively adjusted by 20.2% reaching 193 IRR. Furthermore, its real return decreased by 82% and even if this 193 IRR EPS is realized for the current fiscal year, this year’s real profit will decrease by 43%. Regarding the company’s production ratio, this company could produce 629,051 tons of cement in the first half of the current year covering 29.5% of the budget and demonstrating a 33.4% fall; 66% of the total produced cement was sold which covered 35.2% of the total year’s budget showing an 8.8% decrease in comparison with the last year. The total value of the sold products was 354,388 IRR mn at the first half of the FY2015 covering 33.8% of the total budget which showed a 13.5% fall compared to the same period last year.
With its 480 IRR bn capital, Bistoon Lump Sugar Company recognized 167 IRR loss per share in the first half of the FY2015 ending September 22, 2015. It is so while it had recognized 69 IRR EPS in the last year. In this period, this company’s net sales amount grew by 82% and reached 486 IRR bn; its final cost rose by 136% and ended in the 85.5 IRR bn gross loss. The company’s sum of expenses increased by 51 compared to the same period last year; furthermore, its 35 IRR bn operating return turned into its 68.8 IRR bn operating loss and its financial costs jumped up by 45%. As a result, the effect of these factors weakened the performance of this company in this period.