Net profit of Tavantolgoi JSC decreased by 83%

Tavantolgoi JSC listed on Tier-I of MSE earned MNT 91.7 billion in H1 of 2020, which decreased by MNT 32 billion (25.9%) comparing to the same period of last year as well as net profit of the company fell by 83% from H1 of 2019. The decrease of net profit was driven by the border restriction regarding with Covid-19 pandemic and the decline of coal export.

The company has distributed MNT 43.2 billion dividend or MNT 821 per share from its net profit of 2019. Furthermore, share price of the company closed at MNT 5,485, which has decreased by 16.8 percent since the beginning of this year.

Source: Local Newspaper “Today Newspaper”