Today Picture
MSC produces valuable returns for Justice Share
When Mobarakeh Steel Company (MSC) was listed on the stock market in March 2007, a 30-percent block of its shares, worth around 9 trillion rials was dedicated to the Justice Share. It was decided that the company's cash profits be used to deposit that figure to the state treasury over a 10-year period, the chief financial officer of the giant steelmaker said.
Amir Hossein Naderi went on to say that in the 10 years that followed the company paid more than 36 trillion rials in profits of which 13.46 trillion was allocated to capital increase and 22.2 trillion rials was paid out in dividends. That means during a decade the agency that handles Justice Shares has received four times its original investment.
The present-day value of the Justice Share block is up seven times (63 trillion rials). That means during almost 10 years, the Justice Share has received 600 percent returns and 400 percent in dividends from MSC. That translates into an average annual return rate of 100 percent. Certainly no other company, listed or otherwise, could have provided as much in returns.        


Full name :
Email :
* Comment Text :
 

home print send to friend text version minimize font size maximize font size downoad
5.5/10 (Votes 30 People )