Stock price of Gobi JSC fell by 30% since the beginning of 2020

Stock price of Gobi JSC has fallen by 30% since the beginning of this year.

The company informed that foreign and domestic sales of Gobi JSC have rapidly fallen due to the Covid-19 pandemic for the first half year of 2020. In particular, domestic sales totaled MNT 18.8 billion, which fell by 57% year over year as well as its foreign sales reached MNT 18.7 billion, which decreased by 21% compared with the same period of last year.

According to the operational report, the company operated with loss of MNT 21.4 billion in 2020H1. As a result, share price of the company has plunged during the period.

Source: marketinfo.mn