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.