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State-owned companies saw 859 billion MNT in 2017 net profit www.gogo.mn
Based on 2017 financial reports from 86 fully and partially state-owned entities, including data on revenue, expenditure, profit, loss and liabilities, state-owned companies saw 859 billion MNT in net profit.
In 2016, 45 percent of state-owned companies made profits, but 72 percent made profits in 2017. The dividend distribution of these companies totalled 4.3 billion MNT in 2016 and 12.6 billion MNT in 2017. Aggregate receivables in 2016 were 428 billion MNT, and saw a decrease of 12.5 billion MNT in 2017.
Total liabilities decreased by 16.4 percent in 2017, reaching 3.9 billion MNT. Data from eight entities, including Development Bank of Mongolia and State Bank, were not included in the aggregate report.
Published Date:2018-04-02
