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Economy 03/05/2011 O’ZLITINEFTGAZ posts 2.553bn soums of net income in 2010
O’ZLITINEFTGAZ posts 2.553bn soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- O’ZLITINEFTGAZ OJSC, an Uzbek scientific-research and designing institute of oil and gas industry, received 2.553 billion soums of net income in 2010 against 4.348 billion soums in 2009.

The company’s annual report said that O’ZLITINEFTGAZ realized scientific-technical products for 15.831 billion soums in 2010, including scientific-research developments – 5.205 billion soums and 10.625 billion soums – designing-research developments.

The prime cost of scientific-technical products in the reporting period made up 6.653 billion soums, the company said.

In the reporting period, the company carried out works with foreign partners and other customers, which are not part of Uzbekneftegaz, on 58 agreements. The volume of realized products on these agreements reached 4.988 billion soums. The exports volume made up US$426,340 and 109,490 euros.

Income from main activity exceeded 3.305 billion soums, and income from general economic activity – 3.339 billion soums.

According to the institute, the charter capital of O’ZLITINEFTGAZ made up 975.525 million soums. Fixed assets exceeded 2.222 billion soums and long-term assets hit 173.951 million soums.

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