ابراهیمی سروعلیا

Issuers to announce earnings per share by the end of 1399.

Tehran, January. 31(SENA)-Mohammad Hassan Ebrahimi Sarv Olia, Deputy Supervisor of Stock Market and Issuer of the Securities  and Exchange Organization, told the Securities  and Exchange News Agency (Sena): "In order to increase transparency and confidence in the capital market, Issuers have been asked to earn earnings per share by the end of the year."

Ebrahimi stated that this issue was announced in a letter to the CEOs of production companies listed on the Tehran Stock  Market and the OTC Iran, adding: "This action will enable investors to invest in the capital market by more accurate analysis of companies and ensuring their profitability and avoid emotional behavior."

He continued: "Obviously, according to the recent quarterly reports, the profitability situation of the second half of many companies is expected to be appropriate."

Sarv Olia stated: Considering the follow-up of shareholders and regulatory bodies, based on the request to issue the earnings per share forecast of issuers, the publication of earnings per share forecast for the current fiscal year of manufacturing companies through the form "Disclosure of important information" no later than February 11 1399 will be possible.

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