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Economy 08/08/2011 Net income of Kvartz reaches 17.7bn soums in 2010
Net income of Kvartz reaches 17.7bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Kvartz open joint stock company made up 17.7 billion soums in 2010, the annual report of the company said. The growth made up 6.6 billion soums compared to 2009.

The business plan has been fully executed. Net revenue in 2010 made up 69.51 billion soums, while prime cost – 43.24 billion soums. Expenses of the company were 12.66 billion soums. Other income from main activity comprised 2.39 billion soums.

Gross income from goods realization reached 26.3 billion soums. Incomes from financial activity made up 4.64 billion soums. Expenses from financial activity exceeded 231.012 million soums.

Kvartz’s assets made up 53.747 billion soums in 2010. The charter capital was 653.562 million soums.

General shareholders’ meeting of Kvartz distributed net income of the company in 2010. The shareholders directed 10.999 billion soums to payment of dividends for 2010. The size of dividend per share with nominal value of 4,500 soums made up 75,735 soums.

Shareholders of Kvartz allocated 6.746 billion soums to the development of production, the company’s statement said.

Kvartz OJSC, one of the leading enterprises in Central Asia, was founded in 2975 to satisfy demand of canning plants of Uzbekistan and Central Asia for glassware. The company produces various glassware products.

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