Mongolian Mining Corp. (MOGLF)

[CPTMatt]

Doesn't make sense to me. Revenue up 20% however they state they sold 29.5% more coal at a 22% higher ASP.

For the year ended 31 December 2016, Mongolian Mining Corporation (“MMC” or the “Company”) and its subsidiaries (the “Group”) generated a total revenue of United States Dollar (“USD”) 120.0 million, compared to USD99.5 million for the year ended 31 December 2015. For the year ended 31 December 2016, the total sales volume of the Group’s primary product, washed hard coking coal (“HCC”), was 1.5 million tonnes (“Mt”), representing 29.2% increase compared with 1.2 Mt of HCC sold for the year ended 31 December 2015.The average selling price (“ASP”) for HCC was USD77.2 per tonne for the year ended 31 December 2016, compared to USD63.2 per tonne in the year ended 31 December 2015.