AMCON is the graveyard of the financially insolvent. Bank assets of customers who could not be salvaged were sold to it at steep discounts.
AMCON’s profitability is a function of the economic recovery of the country. In a recession, more companies are pushed to the wall and the stock market sinks. However, its social profitability is reflected in corporate restructuring, jobs saved and strategic interventions.
Against this background, AMCON is facing a mild improvement in its financial performance and making a positive impact in its social contribution. On balance, AMCON seems to have justified its existence.
The attached slides (presented on Channels TV Business Morning, May 30, 2017) is a synopsis of AMCON in 2016.