The General Meeting of OKCS (The Public Stock) held in the Research Institute of Petroleum Industry, in which 91.89 percent of the stock holders have been attended.

The OKCS's public relation reported that the meeting started by gathering together the board of directors of the company, Ali Ebrahimi, Masoud Goodarzi, Hadi Qaneie, Mehrdad Sepahi, and a representative from the Securities and Exchange Organization, along with an auditor and legal inspector. The company's managing director, Amir Khosro Fakhrian has also been asked to present the annual report of the board of directors' activities for the previous fiscal year, ending at Esfand 29, 1397.

The managing director, Fakhrian presented a report on the company's function, the vital achievements, the financial and operational function, honors and the social responsibilities along with the future plans and strategies to the audiences.

"Having 1357 branches in more than 292 cities, the OKCS got a perfect position in the business environment and the first in the development of branches, with 50% growth all over the country", Fakhrian mentioned. He also added that the company's fiscal discipline improved along with cooperation toward the holding and monitoring companies to get a better control over incoming goods and commodities.

"The suppliers' portal also established in the OKCS, in which the quarterly reports will be presented, besides the monthly and annual purchasing plans of the company", Fakhrian pointed out. He said that, in the near future the company aims to pave the way for all the suppliers to observe their respective inventories in the stores and shopping centers.

It has been announced that the OKCS's total assets reached 1400 Bln Tomans, with a 28.5 % of return on asset, in a 36 day inventory turnover. During the solar year of 1397, the company reached a 55% growth in the daily sale, getting 500 thousands purchase invoices per day.

OKCS's managing director also pointed out that the company could reach at 80% growth in net sales during the last year. "OKCS experienced 99% of the predicted net sales, 92% of gross profit and 108% of net profit in the previous year", he added.

The average staff of the company reached to 7670 in the past year which got some 18% growth, compared with the staff members two years ago. The company also ranks the first in sales index, sales return and the total productivity and took the position of a pioneer and stands the 40^th among the top 100 Iranian companies.

OKCS's managing director, Fakhrian said that the company's branches reached to 1460 in the current year and continued to develop.

During the event, Faraz Moshaver Audit Institute, Deilami Pour (Official Accountant) has been appointed as the main inspector, beside Bayat Rayan Institute as the stand-in Inspector for the company. Donya-e-eqtesad also has been selected as the company's official newspaper for taking the OKCS's advertisements.

Golrang Industrial Group, Koorosh Investment Group, Koorosh Retail Industry Management Group, Glopakhsh-e Aval Group and Golrang Pakhsh Group haven appointed as member of board of directors for the next two years in the end of the meeting.