On August 10, 2023, L. Burenchimeg, the Chief accountant of “Gazar shim uildver” JSC, which is registered in the TOP-20, Tier 1 of "Mongolian Stock Exchange" JSC, presented the operational and financial reports for the first half of 2023.
The implementation process of the organization's goals
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Becoming a publicly traded company, changing the company's governance, raising capital, and improving governance have been fully achieved.
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In 2023, sales growth, an increase in production capacity, new product development, market research, and equipment research were completed.
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Sales revenue for the reporting period increased by 12% over the previous year's half-year sales. The net profit for the reporting period increased by 1.8 times compared to the net profit for the first half of the previous year. The total assets reached 43 billion MNT, which is 1.6 times higher than the first half of the previous year.
Highlights of the first half of 2023:
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In 2023, six types of product development research, consumer market research, new product production equipment, and new warehouse equipment research will have been completed.
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The new raw materials warehouse is expected to begin construction in August of this year.
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On June 14, 2023, an extraordinary meeting of shareholders was convened, and the board of directors was established.
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On June 20, 2023, the board held its first meeting, established four board committees, discussed and approved policy documents to improve governance, and began developing the board's action plan.
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MONGOLIAN STOCK EXCHANGE