Sales income of Hai Bi Oil JSC, which is listed in classification II of the Mongolian Stock Exchange, increased by 23.6 percent to MNT 561.4 million in 2017. The financials of the company show that general and administrative expenses were decreased by 6.7 times to MNT 298.3 million. However, non-operating expenses of the company reached MNT 3.6 billion in 2017 while it was MNT 5.5 million in 2016. At the end of the financial year, the loss of Hai Bi Oil JSC increased by 2.6 times and reached MNT 3.69 billion. The company is involved with oil exploration and producing. Shares of Hai Bi Oil dropped 2.3 times last year, and, as of March 9, its shares are trading at MNT 68.56. The MSE reported that the company’s market capapitalization has reached MNT 3.6 billion.

Source: BloombergTv.mn