Khorezm Shakar produces 322,696 tonnes of sugar in 2011
27/02/2012 13:22
Khorezm Shakar produces 322,696 tonnes of sugar in 2011
27/02/2012 13:22
Tashkent, Uzbekistan (UzDaily.com) -- Khorezm Shakar JV OJSC (Khorezm Sugar), largest sugar producer of Uzbekistan, produced 322,696 tonnes of sugar and realized 322,220 tonnes in 2011, the company said in a statement.
The statement said that net income of the company grew from 33.78 billion soums in 2010 to 45.821 billion soums in 2011.
Net revenue from sugar sales made up 701.201 billion soums in the reporting period against 478.77 billion soums in the same period of 2010. The prime cost exceeded 582.767 billion soums in 2011 compared to 389.664 billion soums in 2010.
The assets of the company decreased from 154.476 billion soums in the beginning of 2011 to 154.464 billion soums in the end of 2011.
Long-term assets jumped from 30.1 billion soums to 36.634 billion soums in the reporting period, turnover assets fell from 124.376 billion soums to 117.83 billion soums.
Own capital of the company slipped from 58.87 billion soums in the beginning of 2011 to 35.34 billion soums in January-December 2011.
In line with the balance sheet, the charter capital of the venture makes up 14.2 billion soums and it comprises of 1.42 million ordinary shares with par value of 10,000 soums each.
Khorezm Shakar JV OJSC is largest sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million. Preliminary plant was designed for processing sugar-beet, which was planned to plant in Uzbekistan. The capacity of the plant was 3,000 tonnes of sugar-beet a day. But low crop pushed to conserve the plant.
Shakar Investment, an Uzbek-Austrian-US joint venture, carried out project on transfer of the capacity to processing of cane sugar with the cost of US$2 million in 2002. Currently, the plant can process 1,000 tonnes of cane sugar a day.
Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).
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$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
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