Fundamental analysis of phosmin/severe fluctuations in the sales amount of calcimin – Tejaratnews
According to Tejarat News, Calcimin Company, which is one of the subsidiary companies of the development of zinc mines in Iran, was registered in December 1343. The shares of this company were offered for the first time in the Tehran Stock Exchange on May 11, 2010 at a price of 575 Tomans. The capital of the company at the time of initial offering was seven billion and 500 million tomans, which after 6 stages of capital increase has reached two thousand and 400 billion tomans.
It should be noted that the company’s main product is “raw zinc concentrate”. In addition, Fasmin also produces zinc sulfide concentrate, lead concentrate and zinc ingot. The company’s raw materials include zinc and sulfur mineral soil, which is supplied from domestic sources such as Angoran Mine (mineral soil) and Shahid Hasheminejad Refinery (sulfur). Part of the materials needed by the company are also provided by Türkiye and China.
Fasmin’s performance in June 1402
Analysis of the monthly performance report of Kasimin Company shows that in June this year, Fasmin continued its two-month trend of 1402 and raised its production above the monthly average. So that the amount of production of the company in this month compared to June of last year grew by three percent and reached 24 thousand 953 tons. Of course, this number has decreased by about one percent compared to May of this year.
111% increase in sales in June
Of course, the fluctuation of numbers in the company’s sales volume was more intense. As shown in the chart, Fasmin has sold its products in the last three months below its average monthly sales amount.
But in June the numbers were a little better; So that the sales amount of the company this month increased by 111% compared to May and reached 3,845 tons. But this number has experienced a 64% decrease compared to the amount of sales in June of last year.
Fasmin’s income in the third month of the year
In this way, Kalsimin company managed to earn 404 billion Tomans from the sale of its products in June 1402. This number has grown by 73% compared to May this year. However, the monthly income of Calcimin has decreased by 57% compared to the 938 billion tomans income of Khordad 1401.
It is important to mention that the 18% decrease in the price of zinc in this month compared to April caused the increase in the sales volume of phosmin to not be repeated in the company’s income.
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