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Economy 16/05/2012 Deutsche Kabel AG Tashkent posts net income for 23.316bn soums in 2011
Deutsche Kabel AG Tashkent posts net income for 23.316bn soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Deutsche Kabel AG Tashkent, an Uzbek-German joint venture, increased from 20.27 billion soums in 2010 to 23.316 billion soums in 2011, the company said in its annual report, announced in local media.

Net revenue from product sales comprised 81.513 billion soums in 2011 against 62.509 billion soums in 2010, the company said.

Prime cost of sold product grew from 33.834 billion soums in 2010 to 49.448 billion soums in 2011, the company underlined.

Assets of the company rose from 92.194 billion soums in 2010 to 125.674 billion soums in 2011. Fixed assets on depreciated cost reached 2.553 billion soums at the end of 2010 (2.208 bn soums in 2010) and the long-term assets made up 4.46 billion soums (5.132 billion soums in 2010).

The charter capital of the company rose 167.919 million soums in 2010 to 744.441 million soums in 2011.

Deutsche Kabel AG Tashkent was founded in 1999 on the base of Elektrosignal. The enterprise produces cable and wire products.

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