Ammofos-Maxam to pay dividends for 2012
30/07/2013 13:02
Ammofos-Maxam to pay dividends for 2012
30/07/2013 13:02
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Ammofos-Maxam open joint stock company distributed net income of the company for 2012 at the size of 1.465 billion soums and undistributed income of 2011 at the size of 10.234 billion soums.
In line with the decision of the shareholders, Ammofos-Maxam will direct 4 billion soums of undistributed income for 2011 to payment of dividends. The size of the dividends per share makes up 4,049.11 soums.
Shareholders kept 6.234 billion soums at the company as income can be reduced to revision of financial report for 2011 or it can be used to finance projects “Organization of production of NPK fertilizers” and “Modernization of production of phosphorus fertilizers”.
At the same time the shareholders directed 73.254 million soums or 5% of net income for 2012 to form reserve fund, 14.65 million soums (1%) – to Fund for protection of labour and technical safety, 14.65 million soums (1%) – to Fund on modernization and new technologies.
The fund for remuneration of members of supervisory council, revision commission and the board will receive 14.65 million soums (1%).
The company will direct 1 billion soums to payment of dividends for 2012. The size of the dividend per share makes up 1,012.28 soums.
The company kept 347.874 million soums, which can be used to finance projects “Organization of production of NPK fertilizers” and “Modernization of production of phosphorus fertilizers”.
Ammofos-Maxam open joint stock company is located in Almalyk, Tashkent region. The plant was commissioned in 1969. The enterprise is the largest producer of nitrogenous phosphatic mineral fertilizers in Uzbekistan. It meets 85% of demand of agriculture sector in phosphate fertilizers.
Spain’s Maxam Corp. acquired 49% stake in Ammofos-Maxam OJSC for US$18 million in January 2008. It also undertook investment obligation for US$30 million, which will be directed to modernization of existing capacities.
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