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Economy 02/08/2013 Navoiazot to pay dividends for 2012
Navoiazot to pay dividends for 2012
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of the Navoiazot joint stock company adopted decision to pay dividends for 2012, the company’s statement said.

Net income of Navoiazot joint stock company grew 9.05 times year-on-year from 1.706 billion soums in 2011 to 15.452 billion soums in 2012.

Shareholders allocated 5% of net income or 772.592 million soums to payment of dividends for 2012. Uzkimyosanoat will receive 392.022million soums of this sum and the government – 378.57 million soums.

The size of the dividend per share makes up 1,025.07 soums. Total number of shares, on which dividends are paid, makes up 753,696 units.

Navoiazot issued 772.592 million soums (5%) to form reserve fund, 154.518 million soums (1%) – to Labour Protection Fund, 154.518 million (1%) – Fund for Modernization and New Technologies and 154.518 million soums (1%) – to remuneration of supervisory council and revision commission.

The company directed 13.443 billion soums (87%) to capitalization of the charter capital via increasing par value of shares with further use of funds to finance projects.

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