It was determined 300 Rials for per share as the profit for 1388 solar year in the annual Telecom General Assembly

The profit for per telecom share was determined about 300 Rials in 1388 solar year according to the proposal of TCI's board and approving by annual telecom general assembly.
PR of the Ministry of ICT -Hashemi, head of the meeting said: "Telecommunication's capital turnover was six thousand Toomans in last year that has taken one thousand and 500 billion Toomans profit to the company".
"Ratio of turnover to profit was 18 percent in 1387 solar years that this index has been reached to 27 percent with a 48 percent of growth in 1388", he added.
Saber Feizi also provided a report of the company's activities in last year in the meeting and said: "According to the existent documents, amount of 214 Rials has been announced to the stock exchange as the predicted profit for 1389 solar year.
" It's possible to change this amount by implementing the targeted subsidies plan so the final amount will be informed to the shareholders after the implementation of this law", he continued.
He added: "If the targeted subsidies plan achieves to its goals and whereas it should have reduced unnecessary traffics and formed E-government so telecommunications played an important role and it's profitability will be increased".
He presented the latest status report of telecommunication network and said now mobile network penetration rate has been reached to 50 percent by submitting SIM card to the applicants by First operator and Talia.
CEO of TCI emphasized: "Overall, 79 percent of the main, sub and rail roads of the country have been covered by mobile network".
He also pointed that more than 53 thousand of villages are under the telecommunication network coverage and added more than 83 percent of villages have been benefited from the fixed phone and about 58 percent from the mobile phone.
He noted:" The penetration rate of fixed phone in Iran is twice the world average which has provided a special point for telecommunication to provide the value added services on this network".
Saber Feizi said that telecommunication has the first position in the stock exchange and restated 13 thousands shares has been traded in 1387 solar year that it has been increased to 25 thousands shares in 1388 solar year. 
May 9, 2010 14:13

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