The company said that shareholders directed 9.999 billion soums or 85.64% of net income to payment of dividends for 2011.

Shareholders also allocated 14.36% of net income or 1.676 billion soums to technical development, expansion and modernization of the enterprise.

According to the shareholders’ decision, the company will pay 76,840 soums of dividends to each ordinary share and 23,052 soums to preferred shares.

Total number of shares, on which dividends are paid, makes up 130,284 with par value of 4,650 soums. The dividends will be paid with money resources in cashless form.

Quvasoyshifer open joint stock company is one of the largest producers of roofing slates in Uzbekistan.