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Finance 26/05/2011 IShONCh net income in 2010 exceeds 5.298m soums
IShONCh net income in 2010 exceeds 5.298m soums
Tashkent, Uzbekistan (UzDaily.com) -- Net income of IShONCh Interbank Insurance Company LLC made up 5.298 million soums in 2010, the company’s annual report said.

Net revenue from rendered insurance services reached 1.209 billion soums, prime cost made up 1.113 billion soums. Gross profit from rendered insurance services was 96.567 million soums.

Administrative expenses made up 62.926 million soums and other operational expenses – 481.924 million soums.

Other income from main activity made up 57.584 million soums in 2010, income as dividends – 42.661 million soums. Income as interests exceeded 382.813 million soums.

The assets of the company made up 5.265 billion soums, of which 1.327 billion soums are long-term and 2.792 billion soums – short-term investments.

The charter capital of the company made up 3.5 billion soums. Undistributed income reached 5.299 million soums.

According to the report, insurance reserves of the company hit 1.661 billion soums in 2010.

IShONCh Interbank Insurance Company started its activity in the insurance market in 1996. The strategic direction of the company is to establish long-term relations with commercial banks, enterprises and organization of real economy to expand complex insurance service.

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