“Mongol Post” JSC operates with 39 branches in the capital and rural areas.

In the first half of 2018, sales revenue grew by 32.1 percent to MNT 7.8 trillion and cost of goods sold increased by 29 percent to  MNT 6.7 trillion. About 70 percent of total sales revenue is generated by logistics services. In total, the company transported 8,100 tons of freight in route Zamiin-Uud - Ulaanbaatar - Altanbulag and earned MNT 1.2 billion, which is 6.2 times higher than in the previous year. The transit revenue between China and Russia was planned to be MNT 455.8 million, but the solid organization of transit earned a total of MNT 1.8, exceeding plans by 410%. As a result, total profit increased by 55.1 percent to MNT 1.1 billion.

In the first half of this year, the general and management expenses decreased by 46.3 percent or MNT 148.1 million and the net profit of “Mongol Post” JSC increased by 50.2 percent to MNT 906.7 million.

Source: TDB Capital SC