On February 24, 2024, "Monlogistics Holding" JSC, registered in the second classification of "Mongolian Stock Exchange" JSC, presented its operational and financial results for the year of 2024.

In the reporting period:

The performance of the bank’s operational plan:

• Monlogistics Group Sales Revenue Growth +41%

• Monlogistics Group Net Profit Growth +21%

• Monlogistics Group’s Export Cargo Transportation Growth + 25%

Financial results for the year of 2024:

• As of the fourth quarter of 2024, the revenue of the transportation sector reached 7 trillion MNT, increasing by 7% compared to the same period of the previous year.

• As of the fourth quarter of 2024, Monlogistics Group’s revenue reached 297 billion MNT, an increase of 41.2% compared to the same period of the previous year.

• As of the fourth quarter of 2024, Mongolia’s total freight turnover reached 128.8 million tons, an increase of 21% compared to the same period of the previous year.

• Monlogistics Group’s freight turnover reached 1.1 million tons, showing an 8% increase compared to the same period of the previous year.

• The total amount allocated for distribution is MNT 2,137,637,638.80 (two billion one hundred thirtyseven million six hundred thirty-seven thousand six hundred thirty-eight tugriks and eighty mongos), with a dividend per share of MNT 5.4 (five tugriks and forty mongos).

• The company plans to buy back up to 4,800,000 shares at a maximum price of MNT 210 per share, with a total repurchase value not exceeding MNT 1,008,000,000. The share buyback program will be conducted over an 8month period, from April 1, 2025, to December 31, 2025.

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Highlights of the year of 2024:

• Monlogistics Group invests in Export Transport and Receives initial batch of railcars from Russia.  

• Monlogistics Group attains ISO 9001:2015 Certification

• Monlogistics Group wins “Transport & Logistics Entrepreneur” award for the Second Time

• Monlogistics Group Expands into the Air Freight Sector

• Monlogistics Group purchased 51% of the shares of Central Asia Road LLC.

• Improving efficiency by upgrading its ERP and LMS (Logistics Management System) to enhance its operations.

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MONGOLIAN STOCK EXCHANGE