Fundamental analysis of melting / losses despite the increase in production – Tejaratnews
According to Tejarat News, the construction of various units of the iron smelting factory started in 1346. Also, with the establishment of coking, agglomeration and blast furnace number 1 workshops, in the first half of January 1350, this factory was put into operation with the production of cast iron.
Continuing the production of steel products, it started with the launch of the steelmaking and rolling engineering department in January 1351 with a capacity of 550 thousand tons per year. Finally, Zob Ahan Company of Isfahan was registered in September of 1953.
The main activity of this company includes smelting, casting and rolling of ferrous metals and alloy steels for the production of various standard engineering sections and sheet production.
Zob Ahan Isfahan is the largest steel company in Iran in terms of variety of products, which produces products such as construction and industrial steel sections with a capacity of over 3 million 600 thousand tons.
The shares of this company were offered in Tehran Stock Exchange for the first time in March 2010 at a price of 130 Tomans.
Zob is traded with a market value of 19,307 billion tomans in the basic metals group.
Melt production and sales
Production and sales reports for 9 months of 1401 Zob indicate a 12% increase in production and 10% increase in iron smelting sales.
For this purpose, Zob Ahn was able to produce 2 million and 46 thousand tons of its products in this 9-month period.
Also, the sales amount of this company in this period was recorded as one million and 965 thousand tons.
On the other hand, the sales amount of this company has also experienced a 25% increase during this period.
Despite all this, the strange increase in the cost of goods sold, general, administrative and organizational costs and financial costs of this company has caused a heavy loss of 3,114 billion tomans.
The report of 9 months ending in Azar 1401 Zob
The financial statement of 9 months ending in December 1401 of Isfahan Iron and Steel Company shows that this company not only failed to increase its profitability during this period, but faced a loss during this nine-month period.
Based on this, operating loss and net loss of Zob in this period were recorded as 2,606 billion tomans and 3,114 billion tomans, respectively.
Zob has also recognized a loss of 50 Tomans per share in this period.
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