A decision to make the citizens of Mongolia who were born after April 11, 2012 and until December 31, 2023 become shareholders of “Erdenes Tavantolgoi” JSC was made. Therefore, 893,000 children under the age of 12 will become new shareholders. And the government organized the registration of shareholders. As a result, over 90% of Mongolia's population or 3.4 million citizens are shareholders of ETT.
In 2012 when the Prime Minister was Ch.Saikhanbileg, there was an opportunity for elders, students and anyone who wanted to sell their shares. At that time, 385,000 citizens sold 1,072 shares at MNT 934 per share. Thus, 73% of the shares of "Erdenes Tavantolgoi" JSC are owned by the state, 27% are owned by citizens in the form of 1072 shares, and 0.06% are owned by 487 national enterprises in the form of 1072 shares.
In 2020, the company made a net profit of MNT 1.3 trillion. It is MNT 116 thousand per person before tax, and it is MNT 104 thousand after tax. And today MNT 104 thousand will be transferred to people's accounts today. 2.5 million shareholders' dividend will be transferred to stock accounts opened at the brokerage firms. Dividends for children under the age of 12 who have become new shareholders will be transferred to the child's allowance account.
In 2023, the net profit of ETT JSC is estimated to be MNT 3.2 trillion. And MNT 864 billion /27%/ will be allocated to citizens. The amount allocated to one citizen will be MNT 286 thousand before tax and MNT 257 thousand after tax.
The 2023 report will be finalized on February 10, 2024. After the report is reviewed by audits, the 2023 dividend will be directly transferred to citizens' accounts at the end of March and the beginning of April. As a result, the dividend for 2022 and 2023 equals MNT 361 thousand after tax.
A decision to make the citizens of Mongolia who were born after April 11, 2012 and until December 31, 2023 become shareholders of “Erdenes Tavantolgoi” JSC was made. Therefore, 893,000 children under the age of 12 will become new shareholders. And the government organized the registration of shareholders. As a result, over 90% of Mongolia's population or 3.4 million citizens are shareholders of ETT.
In 2012 when the Prime Minister was Ch.Saikhanbileg, there was an opportunity for elders, students and anyone who wanted to sell their shares. At that time, 385,000 citizens sold 1,072 shares at MNT 934 per share. Thus, 73% of the shares of "Erdenes Tavantolgoi" JSC are owned by the state, 27% are owned by citizens in the form of 1072 shares, and 0.06% are owned by 487 national enterprises in the form of 1072 shares.
In 2020, the company made a net profit of MNT 1.3 trillion. It is MNT 116 thousand per person before tax, and it is MNT 104 thousand after tax. And today MNT 104 thousand will be transferred to people's accounts today. 2.5 million shareholders' dividend will be transferred to stock accounts opened at the brokerage firms. Dividends for children under the age of 12 who have become new shareholders will be transferred to the child's allowance account.
In 2023, the net profit of ETT JSC is estimated to be MNT 3.2 trillion. And MNT 864 billion /27%/ will be allocated to citizens. The amount allocated to one citizen will be MNT 286 thousand before tax and MNT 257 thousand after tax.
The 2023 report will be finalized on February 10, 2024. After the report is reviewed by audits, the 2023 dividend will be directly transferred to citizens' accounts at the end of March and the beginning of April. As a result, the dividend for 2022 and 2023 equals MNT 361 thousand after tax.