Fakhouz and Arfa shareholders read / Poor performance of steelmakers in September
According to Tejarat News, the financial reports of the listed companies will be published in September. These reports have been cited by stock market experts as one of the factors influencing the market trend. The following report examines the September financial reports of two steel companies.
Arfa Steel performance in August and September
The monthly income of the company in September of this year was 494 billion tomans, which is 41% less than in August. The total domestic sales of Arfa in September was 494 billion Tomans and it did not have export sales in this month.
The company produces two products, steel ingots and sponge iron, which last month was the company’s only revenue from the sale of steel ingots.
The monthly income of the company in August of this year was 839 billion tomans, which has decreased by 40% compared to July. 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 69%.
The company’s August revenue was seven percent higher than the average sales in 1400. From the beginning of the fiscal year to the end of August 1400, Arfa had a total sales of 3921 billion, which has increased by 95% compared to the company’s sales in the same period of 1999.
Performance of Khuzestan Steel in August and September
The company has sold 2360 billion tomans in September, the highest amount of revenue from the sale of slabs amounted to 853 billion tomans. Also, the total domestic sales of Fakhuz in September was 1621 billion Tomans and the total export sales of this company was 738 billion Tomans.
Also, the monthly income of the company in August of this year was 2960 billion tomans, which has decreased by 25% compared to July.
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 10%.
The company’s August revenue was 17% lower than the average sales in 1400. From the beginning of the fiscal year to the end of August 1400, the company had a total of 17828 billion sales, which has increased by 90% compared to the company’s sales in the same period of 1999.