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Economy 16/05/2011 NBU Investment OJSC receives 1.69bn soums of net income in 2010
NBU Investment OJSC receives 1.69bn soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- NBU Investment open joint stock company received net income for about 1.69 billion soums in 2010, the financial report of the company said.

The report said other income from main activity made up 344.098 million soums and income from financial activity – 1.907 billion soums. Profit from general economic activity hit 1.695 billion soums.

The company’s assets reached 41.729 billion soums in 2010. Long-term investments made up 536.843 million soums and short-term investments – 37.799 billion soums. Fixed assets grew to 107.343 million soums.

The charter capital of NBU Investment made up 40 billion soums, the report said. Undistributed income reached 1.69 billion soums.

National Bank for Foreign Economic Relations of Uzbekistan established investment and management company NBU Invetsment OJSC in 2009.

Primary task of NBU Investment is to financial recovery and rehabilitation of bankrupt enterprises, their modernization and production of competitive products in internal and external markets.

The company said that currently some 30 enterprises, operating in various sectors of economy, are managed by NBU Investment.

NBU Investment directed 38.57 billion soums in 2009-201 to these enterprises to implement business plans.

In 2010, the enterprises produced goods for over 72.12 billion soums and exported products for US$17.2 million.

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