Annual General Meeting of Feka Cultivation and Dairy Company
The Annual General Meeting of the shareholders of Feka Cultivation and Dairy Company for the fiscal year ending on 30th of Esfand 1403 was held with the presence of 72.47% of shareholders and representatives of shareholders.
According to Tadico:
The decisions made at the Feka Company General Meeting are as follows:
Approval of the financial statements for the fiscal year ending on 30th of Esfand 1403.
Appointment of the auditing organization as the legal auditor and auditor for the fiscal year 1404.
Selection of “Ettelaat” newspaper as the official publication.
Distribution of retained earnings amounting to 70% (4,613,261 million rials) as net (380 rials per share).
Determination of the board of directors’ bonuses.
A section of the meeting also presented key achievements of the year 1403. The major accomplishments of the company in the previous year were as follows:
Achieving the highest operating income of 18,731 billion rials among publicly traded livestock companies, a 26% increase compared to the previous year.
A 43% increase in net profit compared to the previous year, reaching 5,394 billion rials.
A 60% increase in gross profit, totaling 4,525 billion rials.
A 64% increase in operating profit.
Achieving a per capita record of 48.3 kg for Holstein cows and 28 kg for Jersey cows.
A 709% increase in capital from the revaluation of non-depreciable assets (land).
Exporting frozen Holstein cattle embryos for the first time to South Korea.
Direct importation of fat powder without intermediaries to reduce production costs.45% Increase in Operating Revenue of Feka Cultivation and Dairy Knowledge-Based Company in Spring 1404
Feka Cultivation and Dairy Company has achieved a remarkable milestone in operating revenue with outstanding performance.
According to Tadico;
Based on the financial reports published for the first quarter of 1404, compared to the same period last year, the company’s operating revenue has significantly increased by 45%, rising from 4,259 billion rials to 6,165 billion rials.This noticeable growth reflects high production efficiency, smart resource management, and targeted sales policies in the turbulent agricultural and livestock market.Such performance at the beginning of the year not only strengthens the company’s position in the country’s livestock industry but also promises a highly productive year based on sustainable development for shareholders and stakeholders.
Appointment of the auditing organization as the legal auditor and auditor for the fiscal year 1404.
Selection of “Ettelaat” newspaper as the official publication.
Distribution of retained earnings amounting to 70% (4,613,261 million rials) as net (380 rials per share).
Determination of the board of directors’ bonuses.
A section of the meeting also presented key achievements of the year 1403. The major accomplishments of the company in the previous year were as follows:
Achieving the highest operating income of 18,731 billion rials among publicly traded livestock companies, a 26% increase compared to the previous year.
A 43% increase in net profit compared to the previous year, reaching 5,394 billion rials.
A 60% increase in gross profit, totaling 4,525 billion rials.
A 64% increase in operating profit.
Achieving a per capita record of 48.3 kg for Holstein cows and 28 kg for Jersey cows.
A 709% increase in capital from the revaluation of non-depreciable assets (land).
Exporting frozen Holstein cattle embryos for the first time to South Korea.
Direct importation of fat powder without intermediaries to reduce production costs.45% Increase in Operating Revenue of Feka Cultivation and Dairy Knowledge-Based Company in Spring 1404
Feka Cultivation and Dairy Company has achieved a remarkable milestone in operating revenue with outstanding performance.
According to Tadico;
Based on the financial reports published for the first quarter of 1404, compared to the same period last year, the company’s operating revenue has significantly increased by 45%, rising from 4,259 billion rials to 6,165 billion rials.This noticeable growth reflects high production efficiency, smart resource management, and targeted sales policies in the turbulent agricultural and livestock market.Such performance at the beginning of the year not only strengthens the company’s position in the country’s livestock industry but also promises a highly productive year based on sustainable development for shareholders and stakeholders.
