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.
Iran Manganese Mines Company released its audited performance report for the FY2014 ending March 20, 2015. Holding 101,200 IRR mn capital, this company recognized 322 IRR EPS which was 44% less than the last year. It is so while its production increased by 1.8% and reached 93,178 tons; its sales also increased by 29.2% equaling 90,792 tons; and its net sales grew up by 42% in this year. However, the 85% raise of its final costs resulted in the gross profit of 28.1 IRR bn showing a 43% fall. Adding more salts to the wound, its sum of expenses increased by 41%; its 22.1 IRR bn operating return in the FY2013 turned into the 10.1 IRR bn operating loss in the FY2014 and its financial costs rocketed up by 33% in comparison with the last year.
TSE at a Glance
IFB at a Glance
Trading Halts & Delays
The market is still tied to the probable negotiation results. Nobody is quite sure whether to buy or sell their share. However, no official news has been disclosed from the talks. Although the probability of not reaching an agreement seems to be low, its extension for a few months may result in negative and low volume trades. Due to this dilemma and uncertainty, the market is fluctuating between positive and negative trends. Therefore, it is of utmost importance to think rationally and act patiently.
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