Market capitalization of "APU" JSC grows by MNT 14.8 billion

• Profit grew 2.9 times. The net profit of APU JSC was MNT 29 billion in the first half of 2019, before the pandemic, and reached MNT 82.1 billion in the same period of this year, increasing 2.9 times. What magic happened to APU when most businesses saw their sales plummet during the curfew and their fortunes were tested: 
• Export growth. Their sales increased by MNT 173.1 billion or 44.3% compared to the period before the pandemic. Last year, APU JSC produced 4 types of Sengur brand beer for the Chinese market and sold its Chinggis Khan brand in the Russian GUM Department Store, increasing the sales to both countries by 440% and 220% from 2020, respectively. 
• Assets & Liabilities. As of the first half of this year, the total assets of APU JSC increased by MNT 133.9 billion from the same period last year and reached MNT 729.4 billion, of which 71.7% is stockholders’ equity. However, the total liabilities of the company are MNT 206 billion, which is 64.3% of the total working capital. From this, the debt-to-equity ratio is 28.2%.
• From all this, APU JSC, with a market cap of MNT 1.4 trillion, has increased its net profit and sales even in difficult times such as epidemics and wars.

Source: lemonpress.mn