شتران

According to the calculations: * **Leverage ratio at the end of 1401:** Approximately 0.23 * **Leverage ratio at the end of 1402:** Approximately 0.16 * **Leverage ratio at the end of 1403:** Approximately 0.21 **Analysis and comparison:** **1402 compared to 1401:** The camel leverage ratio has decreased from 0.23 at the end of 1401 to 0.16 at the end of 1402. This reduction indicates **improvement** of the company's leverage situation in 1402. This means that during this period, the company relied less on debt and financed more of its assets through equity, which reduces its financial risk. * 1403 compared to 1402: The camel leverage ratio has increased from 0.16 at the end of 1402 to 0.21 at the end of 1403. This increase represents a relative worsening of the company's leverage position in 1403, which means that the company's reliance on debt for financing has increased. **Overall conclusion:** The leverage ratio of camels in 1402 compared to 1401 has had a **significant improvement** (about 0.07 unit decrease). But in 1403, this ratio increased again compared to 1402 (about 0.05 unit increase), although it is still lower than the level of 1401. In general, the leverage situation of the company has improved in 1403 compared to 1401. (about 0.02 units of overall reduction). This shows that the management of the company in 1402 moved towards reducing debts and strengthening equity, but in 1403 we again saw a slight increase in financial leverage. For a more accurate assessment, it is recommended to examine the reasons for these changes in the company's financial reports.

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.

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.

Export Bank of Iran bought 635.000 million shares of Shatran on 08/14/1404 and currently has 5.995% of Shatran's shares in its stock portfolio.

1st Refining Investment Fund sold 20.000 million camel shares on 08/12/1404 and currently has 3.018% of Camel shares in its stock portfolio.

First Refining Investment Fund sold 20.000 million shares of Camels on 07/27/1404 and currently has 3.022% of Camels shares in its stock portfolio.

Iran Saderat Bank sold 2999.997 million camel shares on 14/06/23 and currently holds 5.877 % of camel shares in its portfolio.

The Iranian Saderat Bank bought 2386.635 million camel shares on 14/06/16 and currently holds 6.433 % of camel shares in its portfolio.

Iran Saderat Bank bought 1700,000 million shares of camel on 14/04/18 and currently holds 5.991 % of camel shares in its joint portfolio.

The Iranian Saderat Bank bought 2781,000 million shares of camel on 14/04/17 and currently holds 5.676 % of camel shares in its corporate portfolio.