M. Bolod, Chief executive officer of "Suu" 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 18.
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Revenue: 73.5 billion MNT (38% increase from the same period last year)
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Profit: 8.8 billion MNT (2.3 times increase from the same period last year)
Highlights of the first half of 2023:
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Suu JSC, which is celebrating its 65th anniversary, has significantly improved its financial indicators this year, reduced product costs, focused on major strategic investments, and increased its production capacity. For example, the "My Mongolian milk" production line has been updated, and the production capacity has doubled.
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Also, with the installation of a production line for children's products, the variety and quantity of products to be supplied to the market increased.
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In the future, “Suu” JSC focuses on the development of dairy products to replace imports and intends to introduce new baby and health milk products to the market. Also, the renovation of the yogurt production workshop has been started.
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In the framework of the development of the milk production system for herders, the infrastructure of four cooperatives was financed with their own capital, and the total number of financed cooperatives reached 14.
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Accredited by ISO 17025 standard for the 10th time.
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It was decided to pay dividends for the first half of 2023 by February 10, 2024.
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