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Economy 14/07/2011 Fargona Issiqlik Elektr Markazi posts 970.868m soums of net income in 2010
Fargona Issiqlik Elektr Markazi posts 970.868m soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Fargona Issiqlik Elektr Markazi open joint stock company (Ferghana Heating Electricity Center) recorded 970.868 million soums of net income in 2010 compared to 3.572 billin soums in 2009, the company said in its annual report.

Net revenue grew from 42.247 billion soums in 2009 to 43.493 billion soums in 2010. Prime cost jumped from 34.85 billin soums to 28.593 billion soums in the reporting period.

Gross profit of the company fell 7.397 billion soums in 2009 to 4.9 billion soums in 2010. Profit from general economic activity decreased from 4.384 billion soums in 2009 to 1.222 billion soums in 2010.

Expenses grew from 355.387 million soums to 367.676 million soums in the reporting period, while other expenses rose from 3.272 billion soums to 3.477 billion soums.

The company’s assets grew from 37.612 billion soums in 2009 to 39.763 billion soums in 2010. Fixed assets rose from 9.232 billion soums in 2009 to 9.408 billion soums in 2010.

The charter capital of Fargona Issiqlik Elektr Markazi made up 7.462 billion soums. Undistributed income exceeded 14.093 billion soums.

According to the decision of shareholders, the company will pay dividends for 2010. In particular, the company will pay dividends at the size of 2.6% from par value of shares for ordinary shares and 25% - on preferential shares.

Total number of shares, on which dividends are paid, makes up 746,206 shares, the company said. The par value of shares is 10,000 soums.

Fargona Issiqlik Elektr Markazi is producer of heating and electricity energy. It supplies its products to population and enterprises of Ferghana city.

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