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And Energy increases dividends www.ubinfo.mn
MSE-listed And Energy JSC held its shareholders’ regular meeting on April 25 and approved the Board of Directors’ review to the 2017 operational and financial statements of the company. Last year, the sales revenue of And Energy totalled MNT 944.12 million and net profit - MNT 133.75 million. The profit saw MNT 261.7 million increase, which is 38 percent higher compared to the previous year and its profitability tripled year-over-year.
Thus, the company has decided to distribute dividend of 29 percent of its net profit or MNT 50 per share. However, the founders of the company, four major shareholders, announced that they have decided to distribute 80 percent of their dividend to other shareholders during the meeting, the Market info highlighted. According to the decision, MNT 33.88 million or MNT 127 per share will be distributed to other shareholders who hold a total of 26,544,058 shares.
Published Date:2018-05-01
