ETT is to distribute dividend of MNT 96 thousand

Translator E.Oyun-Erdene GoGo.mn

2020-02-19 15:53 GMT+8

Board of ETT made decision to distribute MNT 90 per stock, and 1072 stocks are equal to MNT 96480. Related to this, ETT JSC launched new application and citizens are able to check the stock amount, get other information and participate in stock market.

Citizen are able to get information from ETT website, Facebook page, 1072 FB Page and 1800-1072.

B.Gankhuyag, CEO of ETT, reported that “ETT JSC sold 15 million ton coal in 2019 and earned sales income of USD 1 billion and 30 million. Net profit is MNT 1 trillion and MNT 670 million was centralized to State Budget. Since 2016, the company have paid large amount of foreign and local debt, and this is the first time distributing dividend. But 580 thousand citizens haven’t made their registration, most of them are children and Mongolians who live abroad. Dividends will be distributed within 2020, and started from May 1. The dividend will be transferred to bank account of citizens, so no need to come in person due to Coronavirus prevention. Deputy Minister of Finance Kh.Bulgantuya is in charge of making registration of citizens”.

MNT 162 billion will be distributed and it is not relevant to upcoming Parliamentary election of 2020. ETT JSC consists 40% of State budget income, and 1.1 million citizens have registration including 90% of herders. Registration of newly born 600 thousand children will be decided by the Cabinet meeting.

Stocks won’t decrease after dividend is distributed.

Stocks

Price

Citizens

527

47130

10844

536

48240

28160

741

66690

334519

750

67500

667898

848

76320

41359

857

77130

131256

955

85950

9393

964

86760

34491

1063

95670

56346

1087

96480

10800592

 
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