Sales of “And-Energy” company that produces LED lamps has reached MNT 944.3 million, and net income has reached MNT 121.4 million. The report shows that 60.2 percent of the sales income is generated by LED lamps and lighting productions. The remaining 39.8 percent is generated by assembly of electrical equipments, maintenance and industrial automation. The company is planning to launch at least three new products every year. The company also aims to provide 5 percent of the domestic light market in 2018-2021 by meeting international standards. The company will allocate 5-8 percent of its annual net income as dividends. In the future, the net profit margin for dividends will be increased every year.

The Mongolian Securities Exchange reported that “And-Energy” company’s shares have been traded with a total of 73 transactions worth of MNT 100 million since the IPO in November 2017. “And-Energy” company’s shares fell by 26.7 percent over the past three months. As a result, the stock has now reached MNT 44.

Source: BloombergTv.mn