Iran Brokerage Industry Reports Higher Profit

Financial records of Iranian stock brokers show the domestic brokerage industry earned 6.6 trillion rials ($59 million) in net profit in the last fiscal year that ended in March. 
According to a report by the Securities and Exchange Brokers Association (SEBA), the figure indicates 171% growth compared to a year before.  The stock brokers’ net profit hit the highest in five years. 
According to SEBA, the operating income of brokerage firms have not been consistent in the past five years. Brokerages’ operating income was the lowest at 5.4 trillion rials in fiscal 2014-15, down 14% compared with a year earlier.