Khorezm Shakar to pay dividends for 1Q
01/05/2014 13:04
Khorezm Shakar to pay dividends for 1Q
01/05/2014 13:04
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Khorezm Shakar JV OJSC (Khorezm Sugar), a sugar producer of Uzbekistan, adopted decision to pay dividends for the first quarter of 2014, the disclosure information of the company said.
According to the company, net income of the company made up 13.488 billion soums in the first quarter of 2014, which rose by 1.82 times compared to the same period of 2013. The shareholders directed all net income for payment of dividends.
The sugar producer said that the size of the dividend will make up 9,498.7 soums per stock, which is 94.98% to par value of shares.
The charter capital of the venture made up 14.2 billion soums, and comprises of 1.42 million ordinary shares with par value 10,000 soums each. Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).
Khorezm Shakar JV OJSC is an only sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million. 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.
29/04/2024Read more
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |