SEMEGA records outstanding performance in 1404 / IRR 300 cash dividend approved at general assembly

The annual ordinary general meeting of Iran Cultural Heritage and Tourism Investment Group (SEMEGA) for the fiscal year ended 29 Esfand 1404 was held on the morning of Wednesday, 31 Tir 1405, with the majority of shareholders present at Rexan International Hotels.

In this meeting, Heydaripour, the company's CEO, presented the board of directors' performance report. Referring to the difficulties of 1404, he said: Despite the challenges imposed on the country's general environment in 1404 and the prevailing special wartime conditions, SEMEGA was able to overcome a fruitful year through crisis management and reliance on domestic capabilities. Achieving this level of profitability and revenue was the result of smart strategies in asset optimisation and a focus on developing the group's tourism capacities.

Based on the financial statements reviewed at the assembly, the SEMEGA group achieved remarkable figures in the fiscal year ended 29 Esfand 1404:

Consolidated performance: operating income of IRR 576,983 billion and net profit of IRR 31,561 billion.

Parent company performance: income of IRR 24,729 billion and net profit of IRR 25,056 billion.

After presenting the report and answering shareholders' questions, the financial statements for the year ended 29 Esfand 1404 were approved by the assembly, and the payment of IRR 300 cash dividend per share was approved. Decisions were also made regarding other agenda items, including the selection of the legal auditor and inspector and the determination of the widely circulated newspaper.

At the end of the assembly, the group's management emphasised the continuation of the path of growth and consolidating the company's position as a pioneer in the country's tourism industry. This assembly was once again an opportunity for shareholders to become familiar with the group's infrastructural progress and operational capabilities at Rexan Hotels.