Iran Combine Manufacturing Co increases its forecasted EPS for FY2015 by 53%. Predicting 50% jump in the company’s productions compared with last year is considered as the main reason for this improvement. This prediction is due to the developments of production line units, the government supports and the rise of human resources. The minimum 10 percent increase in the rate of sale is also forecasted in the company’s FY2015 budget. The company also predicted the export of 100 produced machine to Tajikistan over the next year. Moreover, by the order of the Ministry of Agriculture Jihad, the company is planning for importing the Combine and heavy tractors with the official exchange rate in near future.
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The market situation is totally dependent on the political agreement and the result of nuclear talks. In case of any agreement, banking, insurance and automotive sectors will boom first. During the past 8 days there have been hopes over a nuclear deal and the banking and automotive indexes recorded 16 % return during this period. However, as deadline looms, some investors prefer to recognize their gain and wait for the results of the Tuesday’s deadline with no worries.
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