Qasim’s transparency about Mehr Qasem’s profit / revenue decline increased by 38%

According to Tejarat News, Qasem Iran Company published its financial report for the first 6 months of 1400 a few days ago. According to this report, Qasem operating revenues were recorded more than 2850 billion tomans, which shows a growth of 72% compared to the same period last year. Despite this increase in revenue and a 53% increase in gross profit, Qasim has experienced a 52% drop in net profit.

In the first six months of this year, Qasim had a total net profit of 82,353 billion tomans, which is a decrease of 52% compared to the same period last year. Thus, the profit per share of this company has been registered only 165 Rials. This drop in profits had a lot of margins, which is why Qasim published a transparency report.

According to the transparency published in Kedal, the reason for this 51% decline was due to the 97% decrease in the company’s non-operating income. The main profit recognized in the first six months of 1999 was from the sale of investments, which, due to the unfavorable situation in the stock market in the first six months of this year, no profit has been identified in this regard.

Qasem, who is active in the field of distribution of products and food, recognized revenue of 510 billion tomans in October. Thus, the company’s revenue for the first 7 months of this year reached 3,367 billion tomans at the end of October, which was 61% more than the same period last year.