Financial statements of 12 listed leasing companies show an average 12% decline in net profit in the first three quarters of the current fiscal year that ends in in March.
Analysis of the companies’ financial statements published by Chabok Online show that leasing companies collective net profit amounted to 5,620 trillion rials ($13 billion) in the nine months, whereas it was at 6,380 rials ($14.8b) during the same period last year.
However, some companies managed to improve their margins including Mellat Leasing Company with 113% growth.
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