6-month performance of Safar released / 76% increase in cement price in one year

According to Tejarat News, with the end of the summer, stock exchange companies have gradually started publishing their six-month reports. Today, Fars Cement, as one of the major cement companies of the stock exchange, published the six-month report leading up to September 1400.

According to this report, the total operating income of Safar in the first six months of this year was 128 billion tomans and recorded a growth of 84% compared to the same period last year.

According to this report, Safar’s net profit from its operations was more than 53 billion and 400 million Tomans, which is 36% more than the previous year. With this account, the net profit per share of Safar in the first 6 months of this year was 229 Tomans per share. This was while Safar was able to make a profit of 264 Tomans per share in the whole of 1399.

The interesting thing about Safar sales is that the company’s sales in the first six months of this year have decreased compared to last year. In the first half of 1400, Safar sold a total of 303,938 tons of cement, which is a decrease of 4.3% compared to last year. However, the amount of revenue from the sale of Safar increased significantly due to a 76% increase in the price of cement. Safar’s income from cement sales in the first half of this year has been 128 billion tomans, which has increased by 84% compared to the same period last year.

In FY999, Safar distributed a profit of 254 Tomans per share among its shareholders, which was paid through the SJAM system in July.

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