Tekamba Raises Combine Harvester 1055 Prices by an Average of 19 Percent

According to Codal, Tekamba, a farm machinery manufacturer, disclosed in a group A material disclosure that, following a board decision on 26 Shahrivar 1405, it will raise prices of its Combine 1055 by an average of 19 percent starting in Azar (late November); the product accounted for 78 percent of the company's total sales in the previous fiscal year. The company estimated that selling 150 Combine 1055 units from Azar through the end of the fiscal year at the new price would add about 1,174 billion rials to operating revenue, without affecting profit or loss, since earlier pre sales through the end of Aban are calculated at the old price.