‘Gobi’ JSC that has market cap of more than MNT 180 billion is planning to increase its sales income by 21 percent and reach MNT 150.4 billion. The company announced that sales in the domestic market increased by 38 percent and reached MNT 150.4 billion in 2017. Among them, 49 percent of the sales were purchased by the Mongolians and 51 percent of the sales were purchased by foreigners or tourists. 67 percent of the foreign clients are tourists from South Korea and China.

Sales and retail sales of its branches and franchises increased by 44 percent to MNT 49.8 billion. As of 2017, the company has 50 franchises and 5 branches in 34 cities of 13 countries of the world. By 2022, the company is planning to have 100 shop, 80 franchises and 20 branches abroad.

Thus, the export income of the company reached MNT 20.4 million. The stock price of Gobi has increased by 2 times and reached more than MNT 23 thousand for the last one year. The company has been distributing dividends for 15th time since it came public. This year, the company is distributing MNT 220 per share or a total of MNT 1.7 billion as dividends.

The company announced its annual shareholders meeting on 17th of April, 2018.

Source: BloombergTv.mn