14 companies finalize distribution of dividends

As of March, 14 joint stock companies listed on the Mongolian Stock Exchange (MSE) have finalized its distribution of dividends to its shareholders.

APU JSC, a leading Mongolian beverage and alcohol producer, will distribute 10.6 billion MNT in dividends, the largest among the 14 companies. The 10.6 billion MNT in dividends marks the largest in APU’s history. The stock of the company has skyrocketed 190 percent in the last year to become 670 MNT per share.

The company announced in July 2017 that it signed an agreement with Heineken to merge Mongolian Beverage Company with APU. The news of the agreement prompted the stock of APU to surge 9.8 percent at the time. The merger with a known world brand has been cited as a major factor for the significant surge in the value of the company.

Darkhan Nekhii and Zavkhan Bayalag, both listed on MSE, have scheduled shareholders’ meetings to discuss distribution of dividends. In addition, 21 other MSE-listed companies have announced its shareholder’s meetings.

Several MSE-listed companies including Talkh Chikher, Makhimpex, Aduunchuluun, and Mongol Post have already announced its distribution of dividends from the net profit of 2017.