Fundamental analysis of the car / increase in sales revenue in February 1401 – Tejaratnews
According to Tejarat News, Iran Khodro Company was registered in 1341 with the original name of Iran National Industrial Factory Joint Stock Company. This company started working in October 1342 with the aim of producing all kinds of cars and related parts, and its shares were listed in the Tehran Stock Exchange in the end of 1371 with the symbol “Khodro”.
Currently, the main activity of Iran Khodro is the production of body parts, engines, production and assembly of passenger cars and vans. The shares of this company are now traded in the second market of the stock exchange and in the automobile and parts manufacturing group. Iran Khodro is the largest company of this group with a market value of about 93 thousand 935 billion tomans.
The release of cars in the commodity exchange, which took a more serious form at the beginning of the second half of this year, caused a tremendous change in this industry. However, the contradictory news of the car’s entry into the commodity exchange has had a great impact on the volatility of car manufacturers’ stocks.
On the other hand, Vazat Samet has announced in its new announcement that the big car pre-sale plan will start this week and all car manufacturers’ products will be offered in the integrated car system.
This is while Iran Khodro had previously announced the release of its products on the commodity exchange. This caused the shares of car manufacturers to face noticeable drops last week.
How much did the car earn in Bahman?
Examining the monthly performance report of Iran Khodro in February shows that this company was able to perform well in its production and sales in the second month of winter 1401.
So that the amount of production of the company in February this year compared to January this year and the same period last year increased by 18 and 30 percent, respectively.
It should be mentioned that the production amount of the company in February 1400 was equal to 48 thousand 502, in January of this year 53 thousand 331 and in February of this year 63 thousand devices were recorded.
A further examination of this financial statement shows that the company’s sales in February increased by 16% from 51,917 units to 60,452 units.
It should be noted that the amount of car sales in the month of this year has increased by 92% compared to the same period last year. It should be mentioned that Iran Khodro had sold 31 thousand 462 of its production devices in February last year.
Also, this report shows that Iran Khodro earned 15,357 billion Tomans from the sale of its products in the month of this year, which is a 22% increase compared to last month.
Read more reports on the stock news page.