An important event for Kachad shareholders / 27% growth of Chadormelo sales

According to Tejarat News, Chadormelo Mining and Industrial Company (Kachad) had a total domestic sales of 3293 billion Tomans in its August financial report.

This company had the highest sales in pellets, which amounted to 744 billion tomans. In the next rank, the highest sales of the company’s product is iron concentrate, which has sold about 210 billion tomans of this product in August.

Also, Chadormelo Mining and Industrial Company exported 768 billion Tomans in August. The total export and domestic sales of this company in August has reached 4062 billion tomans. A comparison of the company’s sales in August 1400 with the same month in 1999 shows that the company’s revenue has increased by 147.

The financial performance of this company in July shows that the total domestic sales of “Kachad” is approximately 2800 billion Tomans and the amount of exports of this company has reached 393 billion Tomans. In total, the amount of export and domestic sales of “Kachad” has reached 3193 billion Tomans. A comparison of the company’s sales in July 1400 with the same month in 1999 shows that the company’s revenue has increased by 190.

The company’s sales in August compared to July has increased by almost 28%. From the beginning of the fiscal year to the end of August 1400, the company had a total sales of 17012 billion, which has increased by 249% compared to the company’s sales in the same period of 1999.

The company distributed a cash dividend of 213 Tomans per share for the fiscal year ending March 21, 2017 at the Annual General Meeting of Shareholders. The net profit of this company was 17093 billion Tomans and the accumulated profit was 6641 billion Tomans.

Also, this company has decided to increase the capital by 260% from the current claims of the shareholders and bring cash and accumulated profits by depriving the current shareholders of the priority right in the amount of 14450 billion Tomans.