Sales income of Gobi JSC, which is pursuing a policy to intensify exports, has reached MNT 124.4 billion in 2017 and increased by 40.3 percent comparing to the previous year. The company is aiming to reach its sales to MNT 300 billion in 2021.  According to the financial statement presented by the MSE, net income of Gobi JSC increased by 8.4 percent and reached MNT 17.5 billion. Gobi has decided to distribute approximately 10 percent of its net income to its shareholders as a dividend. The company has decided to distribute MNT 220 per share or a total of MNT 1.7 billion. Dividends will be distributed from April 24th. The company has been offering dividends to its shareholders for the past eight years. Gobi company is committed to become the world’s leading supplier of pure cashmere coat.

The company’s share price has increased by more than 80 percent over the past one year and has reached MNT 23,960. In November 2017, the share price has peaked 34 thousand.

Source: BloombergTv.mn