In the first quarter of this year, Copper Company managed to produce 313,800 tons of copper concentrate and 53,000 to 200 tons of copper cathode, an increase of 10 percent and 50 percent, respectively, in the same period of the previous year, respectively. These are the two main products of the company.
He emphasized that we have managed to fulfill our company`s plans for copper cathode sales, saying that at this point in time, Copper`s revenues from the cathode sales were 1880 billion USD, which is 148% higher than in the same period last year. From 25 thousand to 62 thousand tons).
Rahmati added that copper revenue has been rising due to global copper price growth as well as the growth of copper cathode production during the first quarter of this year, which is expected to break the cathode production record of the National Iranian Copper Enterprise over the past five years at the end of the year. Which will be a great news for the shareholders of the company.
The director of affairs of shares, investment and assemblies of Copper Co. continued, referring to the financial statements published by the copper company in Kodal for the first quarter of this year, on the operating revenues of the copper company during this time period: operating revenues (sales) of the copper company were 2631 billion USD Which grew 70% year-on-year. The copper company sold in the first quarter of 2017 at 1540 billion USD.
According to Rahmati, the review of Copper`s financial statements in the area of operating profit for Copper Corporation also indicates that Copper had an operating profit of 1,172 billion USD in the first quarter of this year, which compared with the operating profit of 459 billion USD in the first quarter of 2017 An increase of 155%.
He stated that during this period in the area of financial costs of the Copper company, the situation is improving, with a 95% reduction in the cost of this area. The cost of the copper company from about 13 billion tomans in the first quarter of 2017 to about 600 million tomans in the quarter First this year, it has been declining, indicating the firm`s determination to reduce its prices (Opex) and reduce its costs.
The director of affairs of shares, investment, and assemblies of copper company pointed to the net profit of Copper Company in the first quarter of this year and said: the net profit of copper company has reached 451 billion USD in the first quarter of 2017 to 1147 billion USD in the first quarter of this year, which is equal to 153% Increases in this area.
"With a view to meeting the conditions of the copper production in the first quarter of this year, as well as the rise in global copper prices, we were able to realize the profit of the 19th anniversary of the Copper Company for this time," said Rahmati. "This is a very good deal for the shareholders of Copper Corporation This is an increase of about 155% compared to the EPS, which was 76 rials in the same period last year.
The mercy goes on to answer the question of what should be done in the current circumstances of the shareholders, since global speculation on the profitability of copper companies and the realization of EPS The company said this year: "Generally, the stock exchange is generating various rumors or informal news. But what is certain is that capital market activists, despite the impact of the stock of rumors, have to use professional analyzes to examine the long-term and short-term prospects of the stock exchange.
He added: "We have not seen any serious signs of excess supply or a sharp decline in China`s economic growth for threatening the global price of copper in the long term," said the financial intelligence agency. Most financial institutions predict a rise in global copper prices by 2020.
Rahmati emphasized: in the current context, the threat that the US government has created for the world economy at any time is the most important reason for stopping the global price of copper in the $ 6,000 channel; therefore, much hope will be given to reforming international relations and the resilience of other world powers against the excesses of American statesmen. Finally, a good balance will be created in the international economy, and as a result, we will see the continuation of world economic growth, which will lead to more consumption of copper and rising world prices for copper, and as more prices rise, profits will increase the company`s copper and waste products.
Rahmati added: Apart from these issues, the survey of the sales of the National Iranian Copper Industry over the past 10 years has shown that the company`s sales have been on average about $ 2 billion annually, which is on average about 42% of the net profit of the company. Therefore, during the boycott of the copper company, under the non-sanctioned conditions, it managed to maintain its profitability and bring good returns to its shareholders.
"In the current situation, Copper`s approach to implementing the development plans of the company is at the horizon of the Sixth Development Plan and the increase of production capacity in line with the 20-year vision plan of the country," he said, stating that there is now good coherence in the copper company`s management structure.
According to Rahmati, shareholders should not worry about their capital in Flemish, because as a whole, the terms of the copper company are good in all respects, and with permits to increase the capital by about 50% from the Stock Exchanges, the future of the Copper Company for the next three to four The development and financing landscape is guaranteed.
The director of shares, investment, and assemblies of Copper Corporation said that the current situation, due to the increase in trade warfare, is one of the most sensitive timeframes for those who want to bring their capital into the stock market, urging stockholders and new entrants to the stock market: the need for investor vigilance in These conditions should be multiplied and strongly refrained from making emotional decisions. Personally, without studying, they would simply not be buying shares, either by consulting the companies that operate in this space or by participating in joint venture funds. Stocks do not go away.
He added that in order to purchase shares in these circumstances, it is essential that they fundamentally review the share they are willing to buy and see the company`s budget for the current year and future development plans in order to make the right decision. In this regard, undoubtedly, FOMLY shares at current prices could be one of the best long-term investment options in the stock market, especially for new stockholders.