According to the decision of shareholders, the company will direct 3.755 billion soums to formation of reserve fund and 696.616 million soums to develop Vtorchermet shop (Secondary ferrous metal).

Shareholders directed 11.767 billion soums to payment of dividends, of which 115 billion soums to ordinary shares and 266.56 million soums to preferential shares.

Uzmetkombinat will pay 294.08 soums of dividends per ordinary and preferential share for 2010. Total number of shares, on which dividends are paid, makes up 906,420 preferential shares and 39,106,272 ordinary shares

The company will direct 46.452 billion soums to development of the company through capitalization to charter capital, including 2.751 billion soums of undistributed income of previous years.

As reported earlier, Uzmetkombinat increased its net income from 22.293 billion soums in 2009 to 57.217 billion soums in 2010.

Uzmetkombinat has been established in line with the resolution of the Cabinet of Ministers of Uzbekistan No. 159 from 24 March 1994 through re-organization of the state enterprise.

The enterprise specializes on processing ferrous metal scraps, production and realization of special iron, as well as other metal products and consumer goods.

Shareholders of Uzmetkombinat are the government (71.91%), labour (10%), National Bank of Uzbekistan for Foreign Economic Activity (3.85%), Avtosaninvestsavdo (3.85%), Navoi mining and metallurgy combine (3.85%), Almalyk mining and metallurgy combine (3.85%) and other individuals (2.69%).