Ulaanbaatar
Gobi JSC presents its 2018 semi-annual report
Economy
Ulaanbaatar /MONTSAME/ ‘Gobi’ JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to the public on August 9th, 2018 at MSE.
In the first half of 2018, net sales of ‘Gobi’ JSC increased by 64 percent reaching MNT55.6 billion and its net profit reached MNT4.4 billion with a growth of 30.0 percent.
During the reporting period, the company opened its retail franchise stores in China, German and Turkey and also started to sell its products on Amazon.
The company is planning to complete its factory expansion project, to build a primary processing factory in Sergelen sum, Tuv province as well as to expand its channels of distribution by opening a store with1745 m2 in the UB Gallery Center located next to the Sukhbaatar square and 5 more franchise stores oversees.
In the first half of 2018, net sales of ‘Gobi’ JSC increased by 64 percent reaching MNT55.6 billion and its net profit reached MNT4.4 billion with a growth of 30.0 percent.
During the reporting period, the company opened its retail franchise stores in China, German and Turkey and also started to sell its products on Amazon.
The company is planning to complete its factory expansion project, to build a primary processing factory in Sergelen sum, Tuv province as well as to expand its channels of distribution by opening a store with1745 m2 in the UB Gallery Center located next to the Sukhbaatar square and 5 more franchise stores oversees.
Source: Mongolian Stock Exchange
