Order Book analysis by agent about Stock شتران on 11/9/2025

In order to examine the profitability trend of "Shetran" company (Tehran Oil Refinery) in the last three years and the first six months of 1404, we will look at the net profit (net profit and loss) information of this company: **Trend of net profit of "Shetran" company:** * **fiscal year ending on March 29, 1401:** * Net profit: 368,397,623 million Rials * **fiscal year ending on March 29, 1402:** * Net profit: 354,486,111 million Rials * **fiscal year ending on March 29, 1403:** * Net profit: 314,848,839 million Rials * **Six months ending on 31 September 1404:** * Net profit: 282,779,883 million rials **Profitability trend analysis:** 1. **Gradual reduction in the last three years:** * "Shetran" company recorded an acceptable net profit of 368,397,623 million Rials in the fiscal year 1401. * In fiscal year 1402, the company's net profit reached 354,486,111 million Rials with a slight decrease. * This downward trend continued in fiscal year 1403 and the net profit decreased to 314,848,839 million Rials. This issue indicates a gradual but continuous decrease in the company's annual profitability in the last three years, which can be affected by factors such as exchange rate fluctuations, product pricing, operating costs, or general market conditions. 2. **Strong performance in the first six months of 1404:** * The net profit of "Shetran" company in the first six months of 1404 has reached 282,779,883 million rials. This figure is very close compared to the net profit of the year 1403 (314,848,839 million Rials) and indicates a very good performance in the first half of this year. * If the company can maintain this level of profitability in the second half of the year, the net profit of the year 1404 is likely to exceed that of recent years and reverse the downward trend of the past. This improvement can be due to the improvement of operating conditions, increase in profit margin or other management measures. **Conclusion:** In the last three financial years (1401 to 1403), "Shatran" company has experienced a decrease in annual profitability. However, the performance of the first six months of 1404 is very promising and shows a significant improvement in the company's profitability. This improvement could promise a return to higher levels of profitability this year, provided that this positive trend is sustained in the second half of the year. For the final assessment, we need to wait for the full performance report of the 1404 financial year.