Automakers unveiled the performance of the command economy / 45 thousand billion tomans loss in one year!
According to Tejarat News, “loss making” is a suitable term to describe the performance of the country’s two car manufacturing giants in 1401. According to what the country’s two car manufacturing companies have published about their performance last year, not only Khodro and Khasapa failed to make a profit last year, but their losses have also grown by hundreds of percent!
Economic experts consider this report to be the result of the orderly management of the economy and the imposition of tasteless and unprofessional decisions by the government sector and the automobile mafia, which will eventually lead to the closure of the automobile industry.
Iran Khodro and Saipa made losses at the end of 1401, while their monthly performance after the products were released on the commodity exchange indicated that these two companies gradually came out of losses. However, the Competition Council, as an arm and sign of the command economy, by imposing its approvals on the country’s automobile industry, brought these two companies back to the loss-making track since the winter of last year.
144% growth in car losses
According to the report published by Iran Khodro Company on its 1401 performance in the Kodal system, in the 12-month period ending on 12/29/1401, the company recognized a loss of one thousand and 57 rials per share, compared to the same period of 1400. Losses have increased by 144%.
“Khodro” with registered capital of 301,656,068 million Rials has recognized a loss of 318,763,827 million Rials during the 12-month performance ending on 12/29/1401.
It should be noted that in its consolidated report, Iran Khodro Company identified a loss of 179,966,602 million rials, which shows a 16% increase in losses compared to the same period last year.
Before this, Tejarat News published a report entitled “Fundamental analysis of “Khodro” / Will Iran Khodro’s commitments be fulfilled?” The movement of the car on the road had warned of damage.
Khasapa’s loss grew by 53%
Meanwhile, a glance at the consolidated financial statements of the financial year ending 12/29/1401 (unaudited) of Saipa Company also shows that Khasapa has recognized a loss of 730 rials per share in the 12-month period ending 12/29/1401. This figure has increased by 53% compared to the same period last year.
It should be mentioned that Khasapa, with a registered capital of 195,510,550 million Rials, has recognized a loss of 142,711,019 million Rials during the 12-month performance ending on 12/29/1401.
It should be noted that in the consolidated report, Saipa Company has identified a loss of 226,868,863 million Rials, which has increased by 64% compared to the same period last year.
Earlier, in a report titled “Rereading Khasapa’s Financial Statements / Saipa’s Inability to Fulfill the Promises of the Ministry of Privacy”, Tejarat News reported about the loss-making and lagging behind the orders of the Ministry of Privacy.
Bahman Group’s profitability in the automotive industry
While two of the country’s leading automobile manufacturers have suffered losses under the mandated pricing last year, the review of the financial statements of the financial year ending on 12/29/1401 (unaudited) of the Bahman Group shows that the company made a profit.
Based on this, Bahman Group has realized a profit of 143 rials per share in the 12-month period ending on 12/29/1401, which is an increase of 134 rials compared to the same period last year.
It should be mentioned that Bahman Group is also known as the pioneer of car supply in the stock market and has been able to support the interests of its shareholders in 1401.
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