◀; Annual growth of 55% in profit, with a budget of 3 months for the new year.
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Sepahan Cement closes the financial year in September and earned in 1,405 about 1.9 MT of the net profit, which is 55% more than the previous year. Annual sales grew by 43% to about 5.2 metric tons, and all of this is due to the price. The volume of sales decreased by 9%, but the average sales rate increased by 58%. The summer, like many cements, was the season of declining profit rates. The gross profit rate reached 28% from about 50% in the spring, but part of this decrease was compensated by about 180 billion tomans of foreign exchange earnings and the profit for the season was 342 billion tomans. The company budgeted a profit of 3 percent for the new year. It also has about 9 million dollars in foreign currency, which can recognize almost 600 billion tomans of foreign currency profit with daily dollars. The stock market stands at about 15 Hamat and its P/E retrospectively is 8, which is slightly lower than Sanat Siman's P/E (9.4). With the estimated earnings, the forward P/E is close to 4. The company usually distributes about 90% of the profits. The stock has recorded a return of 129% since the reopening of the market, which is slightly above the overall index (125%), but behind the cement index (151%).
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value investment.
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