APU JSC, MSE-listed firm with the highest market value, has released its 2017 financial statement. Last year, the company produced a total of 97.2 million liters of 166 different types of beverages, a four percent growth compared to the previous year. APU JSC is considered the country’s largest brewer and beverage producer and has paid a total of MNT 129.4 billion to taxes in 2017, with MNT 24.8 billion revenue. According to the company, the M&A with Heineken brought an opportunity to expand its market to Southeast Asia, European Union and North America.
The company has fulfilled MNT 43.9 billion repayment laoned from international banking and financial organizations last year, as well as investing MNT 3.5 billion for its operations. In addition, the company's sales volume increased by 5 percent with a total sales of 93 million liters in 2017. APU JSC solely accumulated 1.6 percent of budget revenue, 2.1 percent of tax earnings, 18.3 percent of excise tax profit and 1.3 percent of VAT income.Additionally, the company separated its milk business as an independent venture last year. The company concluded that this separation will allow investors to evaluate their businesses seperately.
The M&A with Heineken, which sells its products to over 170 countries, was finalized in the beginning of this year. As a result of the deal, APU JSC aims to introduce a know-how of the Heineken global beer and upgrade its products and services. In addition, it made estimations to expand its production and distribution network, reduce its production cost and management expenditure by using Heineken’s international trading opportunity and grow its profit by increasing its sales.
Currently, the company exports its products to Russian Federation, Inner Mongolia of China, Japan and South Korea.
APU JSC, MSE-listed firm with the highest market value, has released its 2017 financial statement. Last year, the company produced a total of 97.2 million liters of 166 different types of beverages, a four percent growth compared to the previous year. APU JSC is considered the country’s largest brewer and beverage producer and has paid a total of MNT 129.4 billion to taxes in 2017, with MNT 24.8 billion revenue. According to the company, the M&A with Heineken brought an opportunity to expand its market to Southeast Asia, European Union and North America.
The company has fulfilled MNT 43.9 billion repayment laoned from international banking and financial organizations last year, as well as investing MNT 3.5 billion for its operations. In addition, the company's sales volume increased by 5 percent with a total sales of 93 million liters in 2017. APU JSC solely accumulated 1.6 percent of budget revenue, 2.1 percent of tax earnings, 18.3 percent of excise tax profit and 1.3 percent of VAT income.Additionally, the company separated its milk business as an independent venture last year. The company concluded that this separation will allow investors to evaluate their businesses seperately.
The M&A with Heineken, which sells its products to over 170 countries, was finalized in the beginning of this year. As a result of the deal, APU JSC aims to introduce a know-how of the Heineken global beer and upgrade its products and services. In addition, it made estimations to expand its production and distribution network, reduce its production cost and management expenditure by using Heineken’s international trading opportunity and grow its profit by increasing its sales.
Currently, the company exports its products to Russian Federation, Inner Mongolia of China, Japan and South Korea.