Tapsi Projects 840 Billion Tomans Loss, Eyes Future Profit

Tapsi has predicted a net loss of 840 billion tomans due to the cessation of capitalizing incentives for passengers and drivers. However, it expects to achieve a net profit of 1,845 billion tomans over a five-year horizon.

The gross loss is influenced by financial costs. The company is forced to secure financing due to the lack of capital increase. This imposes a financial cost of 778 billion tomans on Tapsi.

Audit and Expense Clarification

The capitalization of these incentives has been disputed for several months. According to Tapsi's announcement, the Audit Organization is expected to provide its final opinion on the matter. Until then, Tapsi does not recognize any expenses under the heading of deferred expenses. This statement does not include the 3,763 billion tomans of deferred expenses recorded by the company until June 21 of this year.

It seems that with this clarification, we should expect the reopening of Tapsi's trading symbol on the over-the-counter market after four months.

Proposed Capital Increase

Tapsi's capital increase to 2,000 billion tomans will be carried out with the approval of the Securities and Exchange Organization and the approval of the assembly, from the resolved claims of shareholders and cash contributions.

The announcement states that in order to reduce financial costs, the board of directors proposes to the extraordinary general assembly to increase the capital from 246 billion tomans to 2,000 billion tomans from the resolved claims of shareholders and cash contributions. This capital increase was also supposed to be achieved from retained earnings. It is obvious that the company's capital increase requires obtaining permission from the Securities and Exchange Organization, holding an extraordinary general assembly, and approval in the assembly.