Strange figures in Tepsi’s Omidnameh / Tepsi income reduction in 1399
According to Tejarat News, after many words and sayings, the country’s first startup company was finally listed on the OTC market. Tepsi was the first company to publish its hope letter yesterday. A letter of hope that has made a lot of noise in cyberspace. But what is Tepsi’s financial performance based on this letter of intent?
Aramis Pioneers of Technology and Knowledge Company, which started its work in the field of shared travel with the Tepsi brand in February 2015, has now been admitted to the OTC market with a capital of 117 billion Tomans. Tepsi is currently the largest shareholder in Khorshid Sun with a share of 22.61% and the CEO of the company has a share of 19.09%.
Tepsi Financial Statement
According to the publications published in this letter of intent, Tepsi sold a total of 174 billion Tomans in fiscal year 99 and its gross profit reached 24 billion Tomans. With the deduction of other expenses, Tepsi’s net profit in fiscal year 99 was only 4 billion and 715 million tomans, which has more than doubled compared to fiscal year 1998. Meanwhile, Tepsi’s revenue in 1999 was about 4% lower than in 1998, mainly due to the spread of the Corona virus and the reduction of intra-city traffic. According to this financial statement, Tepsi has registered an accumulated loss of 11 billion Tomans by the end of 1399. In fiscal year 99, Tepsi has achieved a net profit of only 4 Tomans per share.
According to Tepsi balance sheet figures, the total non-current assets of the company were 176 billion tomans, which includes 78% of the total assets of the company.
Also, the total intangible assets of Tepsi have been recorded at about 25 billion tomans, which is 30% more than the tangible fixed assets of this company. Tepsi has also spent 222 billion tomans to create a market, develop and stabilize the market.
With this account and based on the table presented in this letter of hope, Tepsi’s net profit margin in 1399 has been calculated to be about 2.7 percent and the return on assets has been calculated as 1.27 percent.
Tepsi prediction
However, the company has forecast an upward trend in its financial future. According to Tepsi estimates, the total revenue of this company in 1400 will be equal to 303 billion Tomans. This figure will reach 5,200 billion tomans by the end of 1404. Also, according to this forecast, Tepsi’s net profit will reach 1,692 billion tomans by the fiscal year 1404. A figure that will be more than 80 times the net profit of 20 billion tomans of this company in 1400.
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