Sales income of Bayangol Hotel with market capitalization of MNT 14.2 billion has increased by 14.5 percent to MNT 6.4 billion in 2017.Net income of the company decreased by 23 percent to MNT 2.5 billion. The Mongolian Stock Exchange reported that the Bayangol Hotel has been paying dividends to shareholders for 22 years. Last year, the company paid MNT 355 per share. A total of MNT 150.2 million which was equal to 4.6 percent of the 2016 net income was distributed. The “Bayangol Hotel” has four stars and 211 rooms. The company’s share price fell by 16.3 percent year-on-year to MNT 34,000.

The National Statistical Office reports that currently 532 hotels with international and domestic investments are operating in Mongolia. 81 hotels among them meet the requirements of II-V stars.

Source: BloombergTv.mn