Bank Shahr Recognizes Large Profit From Transfer of Its Lashkari (Shahr Khodro) Project

According to Codal, Bank Shahr (symbol Vashahr) said in an amended group A material disclosure that, by the end of Shahrivar 1405, it had finalized the transfer of its commercial administrative project known as Lashkari (Shahr Khodro) for cash and installments. The disclosure put the project's appraised value on 16 Khordad 1405 at 143,000 billion rials, against a book cost of 24,129 billion rials, resulting in a recognized profit of 118,871 billion rials on the bank's books. The bank had previously disclosed the auction and its result for this project via Codal on 3 and 17 Shahrivar 1405, and today's filing only corrects the classification of that earlier disclosure.