The company said 2 trillion rials of the hike came from retained
earnings and 600 billion rials from reserves.
It added the move is expected to strengthen non-operating income by
limiting cash outflows, while the firm also forecasts more than 930 billion
rials in tax incentives and non-operating gains from the increase.
The meeting also reviewed the market’s performance in the first five
months of the current Iranian year, with the total value of transactions rising
210%, market capitalization up 28%, and trading volumes gaining 92%.
In its quarterly results, Iran Fara Bourse reported revenue growth of
74%, a 45% increase in non-operating income, a 115% rise in pre-tax profit and
net profit doubling compared with a year earlier.