Tavan Tolgoi JSC releases 2017 financial report

ZGM DAILY

2018-02-15 10:01 GMT+8

According to the report, the sales revenue totalled MNT 428 billion in 2017, 2.4 times higher compared to the same period of 2016. The company paid a total of MNT 48 billion to income tax, earning a total of MNT 141 billion net profit.

In 2016, the company has distributed 85 percent of its net profit (MNT 45.9 billion, MNT 872 per share) as a dividend.

Additionally, the company's market value reached MNT 569 billion, the bid for shares hit MNT 1.4 million and distributed MNT 130 thousand per share in 2011, setting a record in Mongolian Stock Exchange.

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