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Total revenue of top companies raises www.zgm.mn
The total net profit of the top 12 largest companies which lead the top 20 Index by trading volume and activity reached MNT 52 billion. For example, LendMN NBFI JSC’s net profit doubled and totaled MNT 2.5 billion. As of August, 80 of 200 MSE-listed companies have announced their financial results for the first half of 2019.
Tavantolgoi JSC accounted for 44 percent of the top 20 index’s total revenue. The company’s net profit increased 19 percent, to MNT 23 billion compared to the same period of last year. Sales revenue of the company reached MNT 123.7 billion, increasing by 36.7 percent as the coal price and exports were stable. SUU JSC, one of the main players in the food sector, also increased its net profit by 71 percent, to MNT 4.79 billion.
However, some companies’ net profit did not grow but the sales revenue rose. Gobi JSC, one of the biggest companies in the cashmere industry, saw a growth. The company’s sales revenue increased by 23 percent, to MNT 68.3 billion. Gobi is planning to expand its operation into several global markets.
In addition, APU JSC’s sales revenue increased by 2.8 percent, to MNT 102.3 billion, even though the company’s income has decreased. As the expense of the company rose by MNT 12.25 billion, profit shrunk.
Although the profitability of the companies is different, an increase in sales revenue has resulted in the semi-annual reports.
Published Date:2019-08-28
