Sales revenue of Erdenes Tavan Tolgoi reaches USD 1 billionEconomy
Ulaanbaatar /MONTSAME/ Sales revenue of Erdenes Tavan Tolgoi JSC reached USD 1 billion or MNT 2.7 trillion in 2019. The company exported 14.3 million tons of coal last year and earned net profit of MNT 1 trillion.
When the company made sales worth MNT 1.9 trillion and earned
profit of MNT 807 billion last year, it overfulfilled its sales plan by 240 percent,
permanently increasing coal price.
Though the company informed to distribute dividends of 1072 shares, it resolved to invest its profit in railway project, considering long term development.