Tavantolgoi JSC operated with profit of MNT 48.1 billion

Companies listed on Mongolian Stock Exchange announced and submitted their operational and financial report of 2019. APU, Tavantolgoi, Mongolian Mortgage Corporation, Invescore NBFI, Barilga Corporation, Mandal Insurance, Suu, LendMN NBFI, Tumen Shuvuut and Technic Import companies led other companies by their profit of last year. For instance, Tavantolgoi JSC was ranked at 2nd place by… Read more »

Brief news of the market

Ard Credit NBFI issued an IPO on Mongolian Stock Exchange and raised MNT 5.2 billion. The company submitted its report of use of proceeds to the MSE. The company spent MNT 4.5 billion for four types of loan, MNT 367.5 million for credit card and MNT 49 million for Ard application. Mongolian Stock Exchange approved… Read more »

Market cap of capital market decreased by around 10 percent in March

National Statistic Office of Mongolia informed that market capitalization of capital market amounted to MNT 2.4 trillion in March, which lowered by around 10 percent or MNT 260 billion comparing to the previous year. Furthermore, average Top-20 index of MSE fell by around 4 percent from previous month as well as last stock trading of… Read more »

Telecom Mongolia JSC decreased its expenses and saved MNT 1 billion in 2019

Telecom Mongolia JSC highlighted that the company decreased its expenses by 20-35 percent in 2019, as a result the company saved MNT 1 billion in its operational report of last year. In particularly, the company updated its agreement with communication companies in 2019. The company has cooperated with Korea Telecom of South Korea, AT&T of… Read more »

Sharyn Gol JSC operated with loss of MNT 1.8 billion

Sharyn Gol JSC listed on Mongolian Stock Exchange reported its operational report of last year. The company mined 1.14 million tons coal of which 1.13 million tons was sold to customers of Darkhan-Selenge region. Although mining of the company rose by 4.6 percent or 50 thousand tons from 2018 but the company could not reach… Read more »

APU JSC sales in China soar by 78 percent in 2019

As of 2019, China market accounts for 55 percent of APU JSC’s total export sales. According to the operational report, the company distributed the products in 11 cities of China and this is an increase of 78 percent compared to the previous year. APU JSC considers Russia and China to be its main export markets…. Read more »

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