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Earning Forecast Up for 14 TSE Companies

Earning Forecast Up for 14 TSE Companies Earning Forecast Up for 14 TSE Companies

The earning forecast for 14 industrial companies increased by 6.12 trillion rials at the end of the Iranian month of Mordad (August 22) compared with the same time last year, according to a new report by Tehran Stack Exchange. 

The figure reached 588.128 trillion rials on August 22, with the highest earning forecast for companies active in oil products, coke, nuclear fuel, as well as companies that extract metallic minerals. 

During the past month, multidisciplinary industrial companies and metallic minerals extracting companies were on top with earning forecasts as high as 3.5 and 2.49 trillion rials respectively, the report added. 

According to the TSE report, other companies with high earning expectations include banks, credit institutes and other monetary foundations with 72.214 trillion rials; basic metals corporations with 59.811 trillion rials; telecommunications with 50.6 trillion rials; and cement, lime, and plaster with 15.56 trillion rials.

The report added that wood products with 10 billion rials, digital products with 13 billion rials, other mine companies with 25 billion rials, and coal extraction companies with 31 billion rials stood at the end of the list. 

The TSE has also announced that the average earning forecast for industrial groups in the stock market was 749 rials at the end of the Iranian month of Mordad (August 22). 

 

Financialtribune.com