71706
SAIPA Returns to TSE Trading
Economy, Business And Markets

SAIPA Returns to TSE Trading

Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed company updated its financial statements. SAIPA’s shares, with a market capitalization of $1.2 billion, dropped 15.01% in value as the trading day closed to reach 1,189 rials per share. Its current earnings per share and P/E ratio stand at 141 rials and 8.43 respectively. The company’s shares have been closed since May 21 due to a 158% diluted EPS for the last fiscal year (March 2016-17). TSE set no trading cap for the company’s return, prompting the significant drop in its value, Bourse Press reported.

Short URL : https://goo.gl/1AVfwX
  1. https://goo.gl/bh8oAS
  • https://goo.gl/uHq7k3
  • https://goo.gl/qvKhoz
  • https://goo.gl/roPV8N
  • https://goo.gl/VisVZ8

You can also read ...

Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
The first train to connect China and Iran arrived in Tehran in February 2016 loaded with Chinese goods, reviving the ancient Silk Road.
China is calling on the United States to preserve the Iran...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
$7.5b in Loans to for Industries
The Iranian government is extending financial support to...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
Taxman's H1 Income Hits $12b
The Iranian National Tax Administration has collected 480...
Miyaneh Steel Complex’s DRI plant was the second producer to utilize PERED, which came on stream on Oct. 15.
Iran has long relied on its cheap energy costs and abundance...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus