Fitch agency affirms Mongolia’s credit rating at “B” with stable outlook


Fitch announced on May 25, 2021 that it has re-affiliated Mongolia’s credit rating at ‘B’ and the outlook at ‘Stable’. According to the press release, the economic situation in Mongolia is stable on the following grounds: Mongolia’s governance and per capita income are good compared to other B-rated countries. However, the increase in valuations is… Read more »

Suu JSC increased its net profit by 9.4% in 2020


Suu JSC as one of the biggest domestic dairy producer and listed on Tier-I of MSE released its financial statement 2020. Net profit of Suu JSC increased by MNT 533.5 million or 9.4 percent and reached MNT 6.2 billion last year. Also, sales revenue of the company amounted to MNT 79.2 billion, which rose by… Read more »

Mandal Insurance JSC will allocate dividend of MNT 1.87 billion


Board meeting of Mandal Insurance JSC was held on February 18, 2021 and the Board issued a decision to distribute dividend of MNT 3 per share or total MNT 1.87 billion from its net profit of 2020. List of eligible shareholders to receive dividend will be determined by the record date of annual general meeting… Read more »

APU JSC will distribute dividend


According to the Board Resolution No. 21/01 dated February 15, 2021, APU JSC will distribute dividend of MNT 57.5 per share or total MNT 61.2 billion from its net profit 2020H2. The list of eligible shareholders who will receive dividend will be determined by the record date of annual general meeting of shareholders, and the… Read more »

Bodi Insurance will allocate MNT 1.2 billion dividend


Board of Bodi Insurance JSC issued a decision to distribute dividend of MNT 5 per share or total MNT 1.2 billion from its net profit of 2020. Bodi Insurance JSC successfully issued an IPO in 2020 and offered its stock by MNT 113 per share. Since then stock price of the company has risen by… Read more »

Ard Insurance JSC will distribute dividend


Board meeting of Ard Insurance JSC was held on February 10 2021 and they issued a decision to distribute dividend of MNT 40 per share or total MNT 1 billion to its shareholders. It accounted for 48.15% of the company’s net profit 2020. Ard Insurance’s company’s commission income reached MNT 15.8 billion last year, whereas… Read more »

LendMN JSC will distribute dividend


LendMN JSC listed on Tier-I of MSE released its annual report 2020 Today. The company successfully issued a corporate bond namely “Lend Bond” and raised MNT 5 billion from public. Also, the company transferred its special license of payment service to Super App Pocket LLC and they have announced and executed the program to buy… Read more »

Tumen Shuvuut JSC operated with profit of MNT 4 billion


Erkhembayar Chairman of Board of Tumen Shuvuut JSC gave an interview about the company operation and performances. Mongolia imports 50% of total egg consumption from Russia, but the country banned and delayed egg import due to the pandemic. Therefore, demand of egg in the market has been a higher by the end of 2020. As… Read more »

Baganuur and Shivee Ovoo coal mines under technical renovation


Technology and equipment upgrades are underway at Baganuur and Shivee Ovoo coal mines under the “Erdenes Mongol” LLC with a view to ensuring reliable and normal operations of the coal mines, electricity source suppliers in the country. On December 24, Minister of Finance Ch.Khurelbaatar and Director of Infrastructure and Environment Finance Group of the Japan… Read more »


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