"Monos Khuns" JSC has released its financial and operational results for the first half 2024 and shared them with the public. The key highlights of this reporting period:
- The implementation process of the organisation's action plan
"Monos Khuns" JSC held its regular shareholders' meeting on 20 April 2024 in the newly opened Health Food Factory building in the hall and online to ensure accessibility. This meeting, which was attended by 75% of all shareholders with voting rights, is unique in that it was held in the conference hall of the newly commissioned Health Food Factory of "Monos Khuns" JSC. After the meeting, the shareholders visited the beverage and dry food factories and had a personal tour of the new factory and office under construction and operation of the MFC 2.0 project, which will bring significant returns to the company shortly.
Since 2017, the international quality management system ISO 9001:2015, food safety system FSSC 22000:2018 and environmental quality management system ISO 14001:2015 standards have been implemented. The implementation of these standards was audited by the staff of the world's leading auditing company SGS, based in Switzerland, with high criteria between 26 February 2024 and 24 March 2024, and the certificate confirming the successful implementation was issued on 21 June 2024 at the representative office of SGS in Shanghai. Mr Cliff Zheng, Managing Director, presented the certificate to the representatives led by Ms A. Otgondar, Executive Director.
- Revenue
In the first quarter, there was a decrease of 7% compared to the same period last year, while in the second quarter there was an increase of 17%. In the first half of the year, the company's revenue increased by 6%, mainly due to beverage sales.
- Profit
The gross profit margin increased by 6 percent compared to last year's period, while net profit decreased by 30%. Financial expenses increased by 330 million MNT compared to the same period last year.
- Highlights and targets of this year
The Monos Group officially launched its product sales in the Kyrgyz Republic on 16 April 2024 and successfully organized a marketing activation event for more than 200 customers, official representatives, and distributors in the country. In addition to showcasing 20 types of food products for export, the event was a day of market research and analysis, as well as building relationships with the country's leading chains and distinguished guests. "Monos Khuns" JSC and Monos Cosmetics Co., Ltd. started selling their health and beauty products in Kyrgyzstan in February this year. In the first half of the year, "Monos Khuns" JSC exported $30,000 to Kyrgyzstan and is currently selling successfully in more than 100 branches of the Lekar pharmacy chain in Bishkek.
- Other information to be communicated to the public and shareholders
“MFC 2.0” project is focused on commissioning its new equipment during the third quarter. The new line will increase the capacity of the beverage line by 2.5 times, and 8 types of products under 3 new brands will be available for sale.
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