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BDSec’s profit reaches MNT 1.1 billion www.ubinfo.mn
MSE-listed BDSec JSC, which operates as an intermediary in the stock market, held its shareholders’ regular meeting on April 23. During the meeting, several issues, such as board selection and approval of 2018 budget were discussed.
Last year, the company conducted 16.6 percent of stock trades and 29 percent of bond trades that took place at the MSE, the company’s management reported. In addition, the management team highlighted that the company served as the underwriter for APU JSC’s M&A with Heineken, which was a significant task for the company.
From its financial outcomes, it is seen that the company earned MNT 2.24 billion revenue and net profit of MNT 1.1 billion or MNT 80.2 per share.
Although the profit indicators are positive, the Board of Directors decided not to distribute dividend to its shareholders as the company is requiring more investment. Currently, BDSec is working on a dual registration of TSX-listed Erdene Resources Development Corp and IPO of Ard Daatgal LLC.
Oyunbayar.N
Published Date:2018-05-01
