[ET Net News Agency, 11 March 2014] Mongolian Mining Corporation (00975) said its loss
attributable to the equity shareholders for the year ended 31 December 2013 widened to
US$58.07 million from US$2.54 million for the previous financial year.
The basic and diluted loss per share was US1.57 cents.
The revenue was US$437 million, a decrease of 7.8% from a year earlier. In 2013, gross
profit margin was 17.3%, compared with 11.4% in 2012.
The major contributing factor toward the Group's net loss position aside from decrease
in average selling price is increase in finance costs due to reductions in interest
expenses capitalized as major construction and development activities of the Group were
completed, negative change in the net fair value related to the senior notes, and foreign
exchange losses due to depreciation of the Mongolian Togrog against US dollar bringing
total net finance cost to US$85.5 million.
No final dividend will be distributed. (HL)
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00975 MONGOL MINING
Nominal 
9.240 -0.190 (-2.015%) Others
11/03/2014 10:23
Mongol Mining (00975) year loss widens to US$58.07m; no div
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