'APU' JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to the public on August 8th, 2018 at MSE.
In the first half of 2018, ‘APU’ JSC and its 11 subsidiaries have achieved the following results compared to the same period of the previous year:
- Net sales revenue rose by 85% reaching MNT201.0 billion;
- The number of product types increased by 66 %;
- Total debt decreased by 18%; and
- Net profit doubled reaching MNT33.7 billion.
Mr. Erdenebileg, CEO of ‘APU’ JSC, mentioned that such increases in sales revenue and net profit resulted from the company's merger with the "Evergreen Investments" LLC which was taken place in 2017 by the shareholders' decision and the company will further aim at improving profitability by paying off the foreign currency loan before the maturity of 2019 as well as introducing new products to the market.
Please click here to view the full report.
MONGOLIAN STOCK EXCHANGE