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Economy 03/07/2012 Net income of Ferghanaazot hits 769.089m soums in 2011
Net income of Ferghanaazot hits 769.089m soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Ferghanaazot open joint stock company grew from 735.061 million soums in 2010 to 769.089 million soums in 2011, the annual report of the company said.

Net revenue of the company made up 287.308 billion soums in 2011 against 193.72 billion soums in 2010, the report said.

Ferghanaazot’s prime cost grew from 147.548 billion soums in 2010 to 201.026 billion soums in 2011.

According to the report, expenses of the period made up 1.562 billion soums in 2011 compared to 2.361 billion soums in 2010.

The assets of the company made up 646.13 billion soums in 2011 against 558.16 billion soums in 2010. Own capital rose from 128.851 billion soums in 2010 to 195.194 billion soums in 2011. The charter capital made up 40.83 billion soums in 2011.

Shareholders distributed net income of the company for 2011. The company directed 318.731 million soums to capitalization of the charter capital and 204.148 million soums to payment of dividends on preferred shares and 192.277 million soums – on order shares.

The size of the dividend per ordinary share makes up 48.63 soums and on preferred shares 2,530 soums. The Government of Uzbekistan owns 47% stake in the enterprise and Uzkimyosanoat – 51%.

Ferghanaazot also issued 7.691 million soums to formation of fund on modernization and new technologies and the same sum to fund on labour protection.

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