During the public reporting event of the listed companies, Mr. Gankhuyag, CEO of ‘Ard Financial Group’ JSC and Mr.Zolboo, Head of Finance of ‘Ard Financial Group’ JSC, presented the company’s semi-annual financial and operational report to public on August 8th, 2019 at MSE.
During the reporting period, "Ard Financial Group" JSC had a net profit of MNT 7.9 billion, which was the highest profit for the semi-annual period. The Company has invested in total of 15 companies with 6 new in 2018.
- Total asset reached MNT 73.1 billion, which was an increase of MNT 12.6 billion or 21 percent compared to the previous year. The main effect of this growth resulted from the Ard Credit NBFI JSC's IPO of 2018 and the total value of the shareholder's equity reached MNT 10 billion.
- The net income reached MNT 7.9 billion thanks to the increase in the investment income.
- The number of the Ard application reached 140,000 and the company is working on improving the features of Ard Application by adding its invested companies' products and services into the Application.
- In accordance with the FRC’s approval on establishing the closed-end mutual fund, ‘Ard Management’ LLC is working on setting up the "National Privatization Fund" by the end of this year to raise proceeds from public. This Fund would be the first public investment fund in Mongolia.
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