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Barilga Corporation JSC’s net profit reaches MNT 10.3 billion www.gogo.mn
Barilga Corporation JSC, MSE tier III listed firm, presented its 2017 financial report. According to the report, the sales income reached MNT 10.3 billion in 2017, around 25 percent growth compared to the same period of the previous year. The company informed that the construction of the library of National University of Mongolia and continuation of subcontract with Oyu Tolgoi were the key reasons for the growth.
In addition, the company faced MNT 18 million loss from the foreign exchange rate last year. However, the net profit of Barilga JSC increased by 2.8 times compared to that of 2016 with MNT 397.2 million. The company officials highlighted that their operations restored significantly as they were running on MNT 103 million deficit in 2016.
Published Date:2018-02-26
