APU distributes MNT 1.4 billion to its shareholders

Mar 12 • Finance • 531 Views • No Comments on APU distributes MNT 1.4 billion to its shareholders

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APU JSC has held its financial meeting yesterday and has decided to give out MNT 1.4 billion of dividends to its shareholders. APU JSC has 3.5 thousand shareholders and according to MSE, APU distributed dividends to its shareholders on time for 5 years running.

In the year 2010, APU’s target is to increase production and profit. They are to finish all factory expansions and to produce products with 70-100 percent output. Also, USD 35 million will be invested into machinery and technology this year alone.

As for 11th of March, 26 JSCs dated their financial meeting and 43 JSCs sent their financial report to the MSE. Financial meetings of all JSCs must be held before the 1st of May according to the Law of Companies and rule No2.2 of the Financial Regulatory Committee.

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