Ghamayeh’s initial offering in the over-the-counter market – Tejaratnews
According to Tejarat News, Mohammad Sadeq Marwarid stated that Razavi Yeast Company has entered this field as a successful and well-known company. He said: Fermentation industry has a history of 170 years in the world, but in Iran its history ends at 35 years and compared to other industries, it is new. This industry is very wide and what is known in Iran is mostly about bread, but this industry is more extensive and is even used in human and animal complementary medicines.
He continued: This industry is export-oriented and there are very limited yeast production companies in the region and the Middle East.
The CEO of Yeast Company Razavi pointed out: countries like Pakistan cannot enter due to the lack of electricity in the Persian Gulf because of the weather. As a result, this is a clear advantage for this industry in Iran and has caused the demand for this product to be high both inside and outside. .
Marwarid stated that 70% of Razavi’s economic organization and 29% of Razavi’s Astan Quds are major shareholders and continued: The company’s production in 2009: 5006 tons, the company’s production in 1400: 7329 tons, and the company’s production in 1401: 8161 Ton has been in the same direction
The amount of export in 99: 1924 tons, the amount of export in 1400: 2109 tons, and the amount of export in 1401: 3193 tons.
According to him, in terms of exports, the company has had a good trend and the growth of export tonnage has also increased and reached 3,193 tons.
The increase in export markets will continue and our goal is to export 50% of manufactured products and currently this figure is 47%.
The CEO of Razavi Yeast Company said that the yeast industry is wrongly compared to the food industry: but this industry is exclusive and Yeast Company has taken a good step in producing quality goods, the capital of this company is about 240 billion Rials.
Regarding the future goals and plans of this company, he added: exploitation of the second phase of the development plan and increase in production to the amount of 2,200 tons annually from the last 3 months of 1403, continuing the process of paying serious attention to the quality of the products, completing the improvement and renovation project of wastewater treatment. From the second half of next year, the commercial production of inactive yeast and yeast extract is the pharmaceutical industry of the country, and the net profit of this company was about 88 billion tomans in 1402 and the net sales of the company was about 407 billion tomans in 1401.
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Shokri, director of Damavand’s capital supply financial services unit, said at the press conference of Razavi Khermayeh company’s initial offering regarding the valuation of the company: gross profit margin is estimated based on the average ratio of sales rate to cost price rate over the last 4 years and the operating rate of yeast sales It has been calculated based on the average ratio of the sales rate of fresh yeast to dry yeast over the past years and estimates have been considered.
He further added: The ratio of export sales based on previous years was 30%, and the total operating income for 1402 was about 675 billion tomans.
Source: Bidarbors