Khorezm Shakar to pay dividends for 4Q 2013
26/02/2014 11:45
Khorezm Shakar to pay dividends for 4Q 2013
26/02/2014 11:45
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Khorezm Shakar JV OJSC (Khorezm Sugar), a sugar producer of Uzbekistan, adopted decision to pay dividends for the fourth quarter of 2013, the company said in a statement.
According to the company, the shareholders distributed net income for 2013 at the size of 67.008 billion soums, including 19.2 billion soums in the fourth 2013.
The enterprise will pay 13,521.4 soums per share, which makes up 135.2% to nominal of the share. Total number of shares, on which dividends are paid, makes up 1.42 million units.
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.
Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).
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.
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