A. Otgondari, Chief Executive Officer of "Monos Foods" JSC, which is registered in the first category of "Mongolian Stock Exchange" JSC, presented the operational and financial report for the first half of 2023 on August 14.

• In the first half of 2023, sales revenue increased by 19% from the same period last year and reached 16.4 billion MNT.
• Net profit increased by 38% from the same period last year and reached 2 billion MNT.

Highlights of the first half of 2023:

• At the meeting of the Board of Directors of "Monos Food" JSC on February 8, 2023, it was decided to distribute a dividend of 30% of the net profit at the end of the year 2022 of 981 million MNT or 2.4 MNT per share.
• The company expanded its export range and successfully supplied "Milino" yogurt with curd and sea buckthorn pill to the Russian market. Agreements have been made for the export of 20 types of products to the Republic of Kyrgyzstan.
• "Monos Foods" JSC got 6.9 points out of 10 after conducting ESG or "Environmental, Social and Governance Assessment". "Monos Foods" JSC confirmed that it adheres to the global trend of stabilizing its corporate governance by developing business activities in an environmentally friendly manner and investing in society.
• The MFC 2.0 project has been successfully completed, with the factory construction process at 95%, the equipment supply process at 90%, and the product development process at 95%.

Please click here for a detailed report.

Please click here for watch Part 1 of the live stream.

Please click here for watch Part 2 of the live stream.

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