Let's take a closer look at Cisco.
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Iranian Sirjan Steel closes the financial year in December and made a net profit of 10.3% in 9 months. The profit in the corresponding period last year was about 2.1 MT. Sales for 9 months reached 52 MET with a growth of 93%. The main engine for this growth is steel ingots, which make up about 70% of the company's sales. Missile sales increased by 78% in 9 months and reached about 650,000 tons. Its summer sales rate was 2.2 times that of last year. The profit rate of the ingots has also completely changed: last year the sale of ingots was not profitable in the summer, but this year his gross profit rate was 34% in the spring and 26% in the summer. The seasonal gain reached 2.4 metric tons in the summer, which is about half of the spring. The reason was the decrease in the profit rate and the jump in the financial cost from 0.5 to 1.8 MT. The stock market is about 76 Hammets and its P/E is 6.4, which is lower than the P/E of the base metals group (8.9). The return of the stock since the opening of the market was 222%, which is almost twice the total of the index (117%). In the last year the stock yielded 225%, with the overall index growing by 161% and the iron and steel index by 123%.
ᅠ Value investment.
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