3 stories mentioning HKG:0276Updated just now
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Mongolia Energy's (HKG:0276) Mongolian unit MoEnCo procured Plumbing Development for the construction of a laboratory for 1.5 billion Mongolian Tugrik.The lab will be constructed in the new industrial area at a coal mine in Western Mongolia, according to a Thursday disclosure with Hong Kong bourse.The construction is expected to be completed within 100 calendar days.
Mongolia Energy (HKG:0276) said its indirect wholly owned subsidiary MoEnCo LLC entered into a contract worth 4.75 billion tugrik, or about HK$9.98 million, with AGGS to build a three-storey office building at the Khushuut Coal Mine.The project includes masonry, insulation, heating, plumbing, fire protection, ventilation and other ancillary works, according to a Tuesday Hong Kong bourse filing. Construction is expected to take 190 calendar days from the start date.
Mongolia Energy (HKG:0276) expects a pre-tax net loss of up to HK$362 million for the year ended March 31, compared with HK$172.5 million a year prior, according to a Wednesday Hong Kong bourse filing.The coal producer also expects a decline in revenue and gross profit.The forecast comes about amid a drop in sales volume, as well as the average selling price of clean coking coal.
