"Gobi" (GOV) JSC, listed in classification I of the Mongolian Stock Exchange, has presented its operational and financial results for the first half of 2022.

During the reporting period:

• Total sales revenue reached MNT 45.9 billion, an increase of 16 percent from the same period last year. Out of this, sales revenue in the domestic market reached MNT 26.1 billion, which is a 50 percent increase from the same period last year.

• The total profit of the company reached MNT 21.4 billion, an increase of 21 percent compared to the same period of the previous year.

• The company's net profit reached MNT 17.4 billion, an increase of 11 percent compared to the second quarter of last year.

• Started a partnership with Studio Cherie, working on web standards and activation shots, improving their photography style.

• Started cooperation with "Reichert+Communications" PR agency, developing PR plan for Govi ​​brand.

• Zalando added its sales channel in the Marketplace and started selling its products on www.zalando.at in Austria.

• Signed a warehouse service agreement with Runbow, a subsidiary of the Japanese Sagawa Group company in China, and moved the warehouse to Shanghai. In this way, we have been able to provide our customers with a faster and more reliable delivery of their orders.

• International quality management system standards have been introduced since March 2022.

• Implementation of the energy saving program, aiming to reduce greenhouse gas emissions by 10 percent, and reducing energy consumption per unit of product by 3 times during the reporting period.

Please click here to see the details of the first half-year report of Gobi JSC 2022.

MONGOLIA STOCK EXCHANGE