The Social Security Investment Holding, known as "Shasta", presented one of its weakest monthly reports in June 1405. This holding, by selling shares worth 9.3 trillion tomans, earned only 66 billion tomans in profit, raising serious questions about the quality of the company's income.
Asset Sales; The Only Source of Income
In a situation where the dividends of subsidiary companies played no role in the income of June, Shasta was entirely reliant on selling part of its portfolio. This indicates that without these divestitures, Shasta practically had no significant operational income in this month. Selling assets with a cost price of 9.37 trillion tomans and realizing only 66 billion tomans in profit has raised many questions.
Alarm for Portfolio Management
This weak performance occurred while comparing the performance with June 1404 shows that Shasta's operational income has dropped from over 32.2 trillion tomans in that year to only 661 billion rials this June. This decline is mainly due to the lack of recognition of dividends from investee companies and indicates that the main income-generating engine of the holding in June was not the profitability of subsidiary companies but the sale of assets.
This situation requires a thorough examination of the reasons for these divestitures and their intended purpose. Without answering these questions, Shasta's portfolio management is subject to serious criticism.
