Suu and Uvs Khuns JSCs churn in more profit
- By Misheel Lkhasuren -
- Jul 27,2020
Joint stock companies listed on the Mongolian Stock Exchange (MSE) are required to submit their first and second quarter financial reports to the MSE before July 20 of each year. Of the 199 listed companies, 59 have submitted their reports, according to the MSE.
Among the companies that submitted reports, APU Company, Tumen Shuvuut, Invescore Financial Group and LendMN NBFI earned the most, or about 115.8 billion MNT in the first half of this year.
In addition, food companies such as Suu JSC and Uvs Khuns ranked higher in terms of profits. Meanwhile, Mongol Post lost 459 million MNT, while Gobi Cashmere’s sales revenue decreased three folds compared to the same period of last year.
The MSE earned 576 million MNT from brokerage and dealer services, but recorded a net loss of 404 million MNT.
According to the report, companies that did not submit their semi-annual financial reports within the legal deadline will be held liable if they do not resolve their violations by the first day of next month.