Revenue of Suu LLC soars after bond launch - News.MN

Revenue of Suu LLC soars after bond launch

Old News! Published on: 2018.06.29

Revenue of Suu LLC soars after bond launch

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Suu JSC has successfully traded its bonds, priced at MNT100K face value with an annual 17.5% interest rate at Mongolian Stock Exchange (MSE). The company has received over 67,000 stock orders which exceeded company’s supply. Since launching its bond in June 2017, the company has sold stocks worth of MNT 4.8 billion. The company’s stock price has risen by 64 percent. It was the biggest publicly traded bond in the MSE history.

The company’s net profit reached MNT 2.4 billion in 2017 while yearly revenue increased by 41 percent.

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