Year 2 of Iran’s economy and politics has been nothing short of a risk! Despite all these risks, the stock market has experienced a boom this year. Profits in this market have been low and for some shareholders, stock returns have been dreamy and even imaginative: for example, the stock price of a small food company (Nosh Mazandaran) has doubled since the beginning of August! In this analytical report, Chilan examines the status of iron ore companies in the stock market. What will be the outlook for the stock price growth of Kegel, Kachad, Konor and Kegar in the coming months? How is the profitability of these shares different from last year and should shareholders expect their stock price to rise? As we will see from the future of the dollar rate to the status of iron ore customs, the price challenge between the mines and the steel and of course the prevalence of the mysterious corona virus will affect the iron ore stock.
A review of the financial statements of iron ore companies present in the capital market shows that they have been operating reasonably well and their profitability has grown year-over-year, Chillan reports.
The three Gohar Mineral & Industrial Mining Companies, Chaddermu Mining & Industrial Development and Sabanoor Mining & Industrial Development have had their fiscal year ending March 31 and have released the six-month financial statements ending on December 5th. Gohar Zaman iron ore company has a fiscal year ending on December 6 and has released its nine-month performance report for September 9. As a result of the significant increase in operating income, the net profit of all these companies grew in the first six months of this year, compared to the same period last year.
