113% growth of this company’s profit – Tejaratnews

According to Tejarat News, Novin Capital Funding Company with a capital of 20 thousand billion riyals announced a 113% growth in the profit per share of the company in the information and consolidated interim financial statements of 6 months.

In the information and interim consolidated financial statements of 6 months ending on 31st of Shahrivar of 1401, published in Kodal in an audited form, Tamin Kapital Navin Company announced that the operating income of the company in this period was equal to 12 thousand 76 billion Rials, which is a growth of 96 It has a percentage compared to the same period of 6 months last year, which during the review of the mentioned financial statements, all this growth is related to the main company.

The total operating income for the same period last year was equal to 6.146 billion Rials, which has reached 12.076 billion Rials with a stunning growth in the current period.
It should be noted that this company had a total income of 13.750 billion Rials last year, which according to the amount of income earned in the first 6 months of this year is equal to 88% of the total income of last year.

Also, in the first 6 months of this year, “Tanvin” has realized more than 11,830 billion Rials of net operating profit, which has been accompanied by a 97% growth compared to the first 6 months of the fiscal year 1400. According to the profit of this company last year, which was 12.474 billion Rials in total, this company was able to earn 93% of the total profit of last year in the period of 6 months.

Therefore, in the mentioned period, the company’s net profit was equal to 11,601 billion Rials, which shows a growth of 113% compared to the first 6 months of the fiscal year 1400.

On the other hand, the profit per share for the first 6 months of the previous fiscal year was announced at the amount of 272 Rials, which increased by 113 in the first 6 months of this year and reached the amount of 580 Rials.

Considering the capital increase of this company and the tax exemption from the capital increase from the accumulated profit in this year’s budget law, it is expected that the growth of profit per share of this company will be significant at the end of the year.