Important news for Shepna shareholders

According to Tejarat News, based on the announcement published on the Kedal website of Isfahan Oil Refining Company with the symbol شپنا Published its consolidated interim financial statements for the 6-month period ending September 21, 2014.

Based on this, Isfahan Oil Refining Company, while registering a 153% increase in revenue in this period, has achieved a profit of about 60 Tomans per share. Due to the 49% increase in capital in this period, this profit was 30% lower than the same period last year.

With the registered capital of seven thousand and 600 billion Tomans, Shepna has realized a profit of more than four thousand and 500 billion Tomans during the 6-month performance ending March 20, 2010. The company has also identified a profit of 4,100 billion tomans in the consolidated report, which has increased by five percent compared to the same period last year.

Recently, Isfahan Oil Refining Company increased its capital by 84% with more than 63,000 billion shares that could be issued. The amount of capital increase was more than 6 thousand and 300 billion tomans.

This capital increase was done with the subject of reforming the financial structure in the implementation of the provisions of Article 14 of the Law on Maximum Use of the Country’s Production and Service Capacity and Protection of Iranian Goods. It has also been a source of capital increase for revaluation of surplus assets.

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