Initial release of a symbol after 5 years
AsiaTek Data Transmission Company with the symbol AsiaTek, published new announcements on the Cadal site. Based on this, this symbol will probably be released in the market soon.
In this announcement, it is ready that due to the announcement of the readiness of AsiaTek Data Transfer Company to offer shares in the second market of Tehran Stock Exchange, the deadline for asking questions regarding the company’s valuation report was extended. Therefore, all interested parties and investors can ask their questions until the end of Wednesday, April 7th.
What’s up with Astanak in the stock market
About five years ago, AsiaTek Data Transmission Company, with a capital of 30 billion Tomans, was ready for the initial launch in the winter of 1996. After the insertion of the symbol, it was not offered as the five hundred and eighteenth listed company.
Following the cancellation of AsiaTek’s merger with Hayub in November 1996 and the non-initial public offering of a 10% stake within six months, the company was accepted. It was decided to do the process of accepting and inserting the symbol again in 1997.
But this did not happen, until in April of this year, Ali Sahraei, the former CEO of the Tehran Stock Exchange, announced that the acceptance and initial public offering of AsiaTek had been canceled due to the lack of follow-up by major shareholders.
Now, after about five years, AsiaTek is ready for an initial public offering of 15% of the shares.
How much did AsiaTek make a profit?
In the 9-month period ending in December, AsiaTek had an operating income of 618 billion tomans with a growth of 51% compared to the same period of the previous year. The company’s gross profit with 51% growth has reached 217 billion Tomans and operating profit with 73% growth has reached 119 billion Tomans in this period.
The company’s gross profit margin is unchanged compared to the first 9 months of the previous year and is equal to 35%. In this period, AsiaTek achieved a net profit of 91 billion Tomans, equivalent to 45.5 Tomans per share. This represents an increase of 83% over the same period last year.