‘Tavantolgoi’ JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to public on August 16th, 2019 at MSE. During the reporting period:
- It sold 1.1 million tonnes of coal and its sales revenue increased by 36.7% to MNT123.7 billion compared to same period of last year. Net income rose by 19% reaching MNT 23.0 billion.
- With regards to the composition of the sales, coking coal, low coking coal and non-coking coal compose 53%, 23% and 7% respectively. The remaining percentage belongs to coal supplied to domestic market. Cost of goods sold increased due to the climate and geology condition.
- It contributed MNT38.9 billion to the local and State budget.
Please click here to view the full report.
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