Monos Foods JSC issued IPO and raised MNT 8.58 billion from the public in 2018. The company has submitted its report on IPO proceeds by the end of the third quarter of this year. The company has spent MNT 8.02 billion from the proceeds during the period.
In particular, they have spent MNT 2.4 billion on the expansion work of the factory, MNT 4.3 billion on equipment, transport vehicles and other technics, MNT 847.1 million on current assets and MNT 365.1 million for investment of new technology.
Furthermore, Tumen Shuvuut JSC informed that the company has earned MNT 17.3 billion from its sales and its net profit has reached MNT 2.8 billion by the end of 2020Q3. Sales revenue and net profit of the company increased by MNT 2 billion and MNT 800 million from previous quarter.