Of the 39 industrial groups active in Iran’s capital market, 28 reported profit in the month ending November 21. The subgroup of housing construction, with 8.7 trillion rials ($19.9 million) in sales, showed 226% increase compared with the same period in last year and topping the growth list, the Securities and Exchange Organization (SEO) said.
The group was followed by electric machinery and equipment firms with 86% sales over and above on the earlier month, SENA reported.
After the two groups were companies producing sugar and sugar cubes with 59% growth, financial intermediaries higher 50%, food and beverages 42% metallic minerals 39% and other mines 37%.
Businesses in the auto industry, auto part makers, machinery and equipment manufacturers, telecom equipment, pharmaceuticals, oil derivatives, coke and nuclear fuel, rubber and plastic, insurance and pension funds (minus the giant Social Security Organization) showed growth between 12% and 36%.
The SEO report shows that from among 420 production companies under review, 67% had higher sales in the month to Nov 21 compared to the previous month.
MBRI Report
In another update, the Monetary and Banking Research Institute (MBRI) said output of manufacturing companies in the bourse had increased.
It reflected on the monthly performance of 280 companies in the Tehran Stock Exchange and Iran Fara Bourse, the junior equities exchange. The overall industrial production index (IPI) in the seventh calendar month to Oct 22 was up 7.7% on the corresponding month last year, it said.
Juxtaposing monthly data shows that the decline seen up until April reversed in the following month to June 21.
A glance at sectoral indices shows the IPI jumped in auto, metal products and textile sectors while food production and chemical industries declined.
Annual IPI for the auto and auto part industries grew 24.4% y/y in the month to Oct. 22. It was up 22.4% in the previous month.
Likewise, metal products grew 23.9% in the month compared to the same time last year. In the previous month the sector grew 5.1%. The textile industries index registered 21.4% growth up from 13.9% a month earlier.
The machinery and equipment index improved by 16.4% -- up from 15% a month before.
Moreover, the basic metals IPI index saw a 10.8% annual increase climbing 9.3% in the previous month.
Electronic industries shot up 8.5% on the corresponding period last year. It had declined 1.1% in the month before.
Non-metallic minerals, oil derivatives, tire and plastic, and pharmaceuticals also showed increase in production in the month to Oct 22.
However, food industry output declined by a massive 9.7% in the month after falling 5.8% in the preceding month. Chemical industry output fell 1.7% in the month.
Inventories Down
The MBRI reported decline in the inventory of industries in the calendar month to Oct 22 implying that demand for goods had increased.
Overall inventory index shrunk 3.7% to the month and was down 2.7% in the three months ending Oct 22. It was down 1.5% on an annualized basis.
The report took stock of profitability of the listed industries. Not all listed companies were homogenous. As expected, the auto and auto part companies disappointed and topped the worst performers.
