Tehran- Sadr Tamin Investment Company has defined its missions as creating value for all stakeholders, increasing the asset value of shareholders in the long run and having stable profitability.   

Tehran Stock Exchange index (TEDPIX) has witnessed fluctuations a lot over the past year. The market has seen ups and downs but the value of the stock basket of Sadr Tamin Investment Company registered a 41-percent growth in the fiscal year to May 21, 2023 compared to the same period last year to reach about 780 trillion rials, the company’s website reported.

Sadr Tamin Investment Company, which is known by its stock ticker symbol TASSICO, is the holding corporation of metals and minerals of Social Security Investment Company (Shasta). It has always followed a policy to boost investment basket, make plans, improve performance and increase exports by its subsidiaries.

One of the most important outcomes of the policy in the operating sector was division of a 90-percent profits of TASSICO’s subsidiaries in their recent general meetings and an increase in capital gains of the holding firm.   

Net profit of the holding company rose by 72 percent in the fiscal year to May 21, 2023 compared to the same period a year before to reach about 76 trillion rials. Each share received a dividend of 2,463 rials.

Those subsidiaries, which are not listed in the Tehran Stock Exchange, performed successfully while positive news about the projects and public offerings helped improve the value of Sadr Investment Company in the fiscal year to May 21, 2023 to 630 trillion rials from about 340 trillion rials. The return on equity was 83 percent in the fiscal year to May 21, 2023.

Operating income of TASSICO, which includes Dividend Per Share (DPS) and capital gains of the companies, showed a growth of 70 percent in the fiscal year to May 21, 2023 to stand around 77 trillion rials.

Sadr Tamin Investment Company ranked second among 21 investment companies active in the capital market with an equity return of 93 percent (excluding Dividend Per Share (DPS)). The rank of the company was first compared to other holding corporations under management of Shasta and other competing holding firms.    

Total return of TASSICO stock ticker symbol (price and dividend income) was 111 percent higher in the fiscal year to May 21, 2023 compared to the same period a year before. It stood above all the parallel markets except for that of the gold market. Despite a fall in the capital market (TEDPIX and equal-weighted index) and parallel markets (foreign currency, gold and car) as well as sharp decline in indices of investment companies of the stock exchange, TASSICO retained its status due to its portfolio and financial robustness and managed to remain effective. This stability showed how well its shareholders understand the capital market and the investment value of TASSICO.