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Code: 42642 Visited: 895 Publish Date: Sep 04 2017 - 12:59
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TSE
SAIPA Returns to TSE Trading
Tehran, Sep. 04 (SENA) - Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed company updated its financial statements.

Tehran, Sep. 04 (SENA) - Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed company updated its financial statements.

SAIPA’s shares, with a market capitalization of $1.2 billion, dropped 15.01% in value as the trading day closed to reach 1,189 rials per share.

Its current earnings per share and P/E ratio stand at 141 rials and 8.43 respectively.

The company’s shares have been closed since May 21 due to a 158% diluted EPS for the last fiscal year (March 2016-17). TSE set no trading cap for the company’s return, prompting the significant drop in its value, Financialtribune reported.

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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