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SEO chief: MSC has uplifting effect on stockholders, promotes investment in stock exchange


The presence of Mobarakeh Steel Company and a number of listed companies in Mobarakeh Steel Group – namely South Hormozgan Steel Company, Kashan Amirkabir Steel Company, and Mobin Sarmayeh Brokerage Co. – in the Fifth International Exhibition of Stock Exchange, Bank, Insurance and Privatization drew a warm welcome from officials, stockholders and visitors on Kish Island.
The exhibition, which opened on Monday (October 22), was attended by the vice-president for parliamentary affairs, deputy foreign minister for economic affairs, the director of the Securities and Exchange Organization (SEO), a host of top officials and managers in charge of economic issues, and the managing director of Kish Free Zone Organization. During the opening ceremony, participants paid a visit to the pavilion of the Mobarakeh Steel Group’s listed companies.
In the ceremony, SEO chief Dr. Shapour Mohammadi thanked Mobarakeh Steel Group for participating in the exhibition and said the presence of giants such as Mobarakeh Steel Company in the expo uplifts stockholders and helps build a culture of investment in the stock exchange, according to the correspondent of Steel Newsletter.
He further said the value of the country’s stock exchange has now reached the whopping figure of 800 trillion tomans, adding the stock exchange and OTC stocks account for 40 percent of GDP in Iran.
More than 360 domestic and foreign companies as well as at least 60 foreign investors took part in the Fifth International Exhibition of Stock Exchange, Bank, Insurance and Privatization [which was an international event on Iran’s investment opportunities titled ‘Kish Invex 2018’ October 22-25]. Foreign ambassadors and diplomats delivered speeches on the specialized panels of the international event.
Director of the Iranian Privatization Organization Abdollah Pouri-Hosseini, Vice President for Parliamentary Affairs Hossein-Ali Amiri and Chairman of Tehran Chamber of Commerce Masoud Khansari were other speakers in the ceremony.
Mobarakeh Steel stock returns up 200%   
Mobarakeh Steel Company has posted growth in its net profits, the head of the company’s Stocks Office said, adding MSC’s net profits hit an all-time high in the 12 months to late March 2018.
Morteza Shabani further said the company reaped six trillion tomans in net profits, adding many factors contributed to a surge in MSC’s net profit last year, among them inauguration of a pelletizing plant in Sangan and growing production capacity of Saba Steel Complex as well as the rising price of steel products.
He projected that the company’s net profits will continue to rise this year (which ends on March 20, 2019) and said none of the companies in Mobarakeh Steel Group turned out to be loss-making. “Hormozgan Steel Company earned 1.25 trillion tomans in net profits in the first half of the current Iranian year (the six months to September 22).”
MSC’s production stood at 3.65 million tons in the six-month period this year, up 12 percent over corresponding period last year (3.25 million tons).
Shabani went on to say that the company has raised production of hot-rolled products by 27 percent from 1.933 million tons to 2.467 million tons this year.
He credited inauguration of expansion projects for the rising production and said the launch of the Casting Machine No. Five, inauguration of the pelletizing plant in Sangan and an increase in Saba Steel Complex’s production have given rise to soaring net profits of MSC Holding.
He also said the production capacity of Saba Steelmaking and Continuous Rolling has risen to 1.6 million tons from a previous 700,000 tons.      
Mobarakeh Steel Company has a valuable portfolio – which includes stocks of Golgohar Investment and Development Company, Chadormalu Mining and Industrial Company, Mines and Metals Development Investment Company, Hormozgan Steel Company, and Sangan Iron Ore Complex, he said. “Last year MSC collected 830 billion tomans in earnings from the cash profits of these companies.”
The company has posted growth in sales (11 percent), production (12 percent) and selling prices (46 percent) in the six months to September 22, 2018 compared with similar period in 2017, he added.
Shabani said Mobarakeh Steel Company has registered a staggering 200 percent in stock returns for its shareholders over the past 18 months.        
The low- and middle-income families account for the better part of MSC’s shareholders, he said, adding 30 percent of the company’s shares has been allocated to the so-called Justice Shares, 16 percent is owned by the Social Security Organization and 2 percent is run by the Rural and Nomadic Social Insurance Fund whose shareholders are from the low income decile of the population in society. 
He said that the value of the steel market has surged to 40 trillion tomans this year, up from 9.6 trillion tomans in the year to late March 2015, adding the growth has come around thanks to proper management, cost control and profitable investment.    


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