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News

NOVEMBER 07, TRADING REPORT

2024-11-07 15:18:05

Total trade: MNT 21,208,289,093 (USD 6,221,355.28)      

"ERDENET INVEST" INVESTMENT FUND SHAREHOLDER MEETING HELD

2024-11-06 15:58:11

The shareholder meeting for the "Erdenet Invest" Investment Fund was held on October 25, 2024, at 10:00 AM, in a hybrid format (both in-person and online). The meeting took place at the Erdenet Factory Cultural and Art Complex (Mine Worker Cultural Palace) in Bayan-Undur District, Orkhon Province.

News

"MANDAL INSURANCE" JSC PRESENTED ITS OPERATIONAL AND FINANCIAL REPORT FOR THE FIRST HALF OF 2022

2022-08-12 10:19:23

"Mandal Insurance" (MNDL) JSC, listed in classification I of the Mongolian Stock Exchange, has presented its operational and financial results for the first half of 2022.

During the reporting period:

  • The total assets of the company reached MNT 61.2 billion , which is an increase of 4.44 percent from the end of 2021.

  • Investment income reached MNT 2.7 billion, which is a 40 percent increase from the same period last year. Also, the amount of cash equivalents and investments reached MNT 38.6 billion , an increase of 8 percent from the same period in 2021.

  •  Insurance operating profit reached MNT 4.9 billion in the second quarter of this year, an increase of MNT 0.1 billion from the same period last year.

  • Net profit after tax decreased from MNT 3.1 billion in the second quarter of 2021 to MNT 2.3 billion in the first half of this year.

  • The fixed assets of the company increased by 27.8 percent to MNT 1.8 billion from the same period last year.

  • In the first half of this year, the trading value of Mandal Insurance JSC shares reached MNT 7.9 billion , and the share price closed at MNT 96.43.

  • From the net profit of the company in 2021, MNT 1.9 billion was calculated at MNT 3 per share and distributed to shareholders as a dividend.

 

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