Analysis of the financial statements for 6 months of "Kova"; Shrinking margins, high-risk financial structure and non-operating profit Key points and behind-the-scenes performance of South Kish Koa Steel's 6 months: Exceeding expenses from income: 89% growth of total cost vs. 82% growth of operating profit. The contraction of the gross profit: a 24% decrease in the gross profit margin from 14% to 10.6%. A jump in management expenses: a three-digit increase in management and organizational expenses (from 300 to more than 600 billion tomans). Decrease in operating profit: 36% decrease in operating profit margin (decrease in profit from 15% to 10%). High financial risk: recording negative working capital of 15.5 percent and dependence of 82.5 percent on debt in the financing structure. Low quality of the net profit: a jump of 121% in the net profit due to non-operating currency translation (concurrent decrease in the net profit rate from 8.3% to 7.6%). Decrease in sales tonnage: a 5% decrease in billet sales volume and warehouse inventory less than the average monthly sales.

Analysis of the financial statements for 6 months of "Kova"; Shrinking margins, high-risk financial structure and non-operating profit Key points and behind-the-scenes performance of South Kish Koa Steel's 6 months: Exceeding expenses from income: 89% growth of total cost vs. 82% growth of operating profit. The contraction of the gross profit: a 24% decrease in the gross profit margin from 14% to 10.6%. A jump in management expenses: a three-digit increase in management and organizational expenses (from 300 to more than 600 billion tomans). Decrease in operating profit: 36% decrease in operating profit margin (decrease in profit from 15% to 10%). High financial risk: recording negative working capital of 15.5 percent and dependence of 82.5 percent on debt in the financing structure. Low quality of the net profit: a jump of 121% in the net profit due to non-operating currency translation (concurrent decrease in the net profit rate from 8.3% to 7.6%). Decrease in sales tonnage: a 5% decrease in billet sales volume and warehouse inventory less than the average monthly sales.