UzBAT AO produces 5.2bn cigarettes in 1H 2014
28/08/2014 15:05
UzBAT AO produces 5.2bn cigarettes in 1H 2014
28/08/2014 15:05
Tashkent, Uzbekistan (UzDaily.com) -- British American Tobacco Uzbekistan, an Uzbek-British joint venture, (UzBAT AO), produced 5.2 billion cigarettes in the first six months of 2014, the press release of the company said.
The company sold 4.9 billion cigarettes. The company produced 300.3 billion soums of products in comparable prices (without excise and VAT) and gross revenue reached 449 billion soums.
UzBAT AO directed 197 billion soums of taxes and payments to the state budget, which rose by 32% year-on-year. The volume of excise tax made up 85 billion soums (+41%). The exports of the company reached US$4.5 million.
Due to realization of products of the joint venture, the distributors of the companies in the first six months of 2014 accumulated and handed over to commercial banks for over 414.4 billion soums of cash. H
Total volume of investments in the first half of 2014 made up 5.7 billion soums. Over 1.5 billion soums were directed to Fund for Development of Enterprises of Food Industry.
The localization level reached 36.5% in January-June 2014, which rose by 1.2 percentage points compared to the same period of 2013.
UzBAT AO provided 1.7 billion soums to sponsorship projects, which helped to provide water to population and repair irrigation system in Urgut district, install alternative sources of energy at rural medical points in Samarkand region and support students of low income families.
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