“Transparency in the market could have an essential role in improving the nation’s economic productivity”, Fetanat, the chief of the Security and Exchange Organization of Iran said today. He added that not even the shareholders will benefit from the market transparency, the government and taxing system will also profit. He clarified that publishing only government circulars and bills will not be enough for this purpose. He mentioned that improving the transparency of financial statements is one of the main SEO’s objectives and soon the opaque sectors will be required to publish monthly financial reports.
- Almost 178 companies announced their next year forecasted EPS among which 106 had positive adjustments compared with current year (ending 20 Mar 2015). In the Petrochemical sector 14 companies had positive adjustments and only 4 companies forecasted less than current year’s return. In pharmaceutical sector 19 companies predicted more return and only one declined its return compared with current year. In construction sector, 8 companies had positive adjustments for their next year’s return and two companies reduced their forecasted profit. In banking sector 3 companies expected more return for next year and one company adjusted its return negatively. In automotive sector, 7 companies announced more EPS and 6 Companies announced less EPS than current year. With regard to the SEO’s report (the Security and Exchange Organization of Iran) total forecasted returns have been improved by 8 percent compared with last year report. In year 1393 (ending Mar 2015), the companies forecasted return was 568,000 IRR bn in total which had been 523,000 in previous year. Moreover, the price to earning ratio has reached 5 in current year which was 7.9 in 1392.
- Chemi Darou Pharmaceutical Co. announced 16 percent positive adjustment for its current year EPS. The company could cover 63 percent of its first forecasted EPS in this year 9 months period. Hence the forecasted EPS has been changed to 1,550 from 1,330 IRR for year ending 20 Mar 2015. In its next year budget the vial production has increased by 45% compared with this year. The company also considered 20 percent jump in its rate of vial sale. The 70 percent jump in the sale volume of Suspension is also notable. Totally, the company made some changes in its sale combination and the volume of sale has improved by 18%. This budget is kind of optimistic and negative adjustments are expected for next year.