Tavan Tolgoi JSC gained MNT 141 billion profit in 2017Economy
Ulaanbaatar /MONTSAME/ Tavan Tolgoi JSC, listed on Mongolian Stock Exchange released 2017 financial report.
According to the report, the company earned sales revenue of MNT 428 billion in 2017, 2.4 times high compared to 2016.
MNT 48 billion was paid to income tax and the company had MNT 141 billion net profit.
In 2016 the company distributed 85 percent or MNT 45.9 billion of its net profit in the form of dividents which means MNT 872 in per share.
In addition the company's market cap reached MNT 563 billion and set the record in the Mongolian Stock Exchange with MNT 1.4 million per stock and dividend of MNT 130 thousand per share in 2011.