Two companies distributed their dividend

Two companies listed on Tier-II of MSE distributed their dividend from net profit of 2018 last week. In particularly, “Arig Gal” JSC distributed dividend of MNT 29.24 per share, which was the amount to be reduced individual income tax. The company has placed MNT 17.3 million at the account of 7,368 shareholders.

Furthermore, “Ulaanbaatar Khivs” JSC distributed dividend of MNT 108 per share which was the amount to be reduced individual income tax as well as the company has placed MNT 18.1 million of 909 shareholders.

“Arig Gal” JSC operated with profit of MNT 449 million whereas “Ulaanbaatar Khivs” JSC operated with MNT 235 million profit in 2018.

Source: Local Newspaper “Today Newspaper”