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Economy 05/07/2012 AGMK to pay dividends for 2011
AGMK to pay dividends for 2011
Tashkent, Uzbekistan (UzDaily.com) -- Almalyk Mining and Metallurgy Combine (AGMK, Tashkent region) will pay dividends for 2011 in line with the decision of shareholders.

According to their decision, the combine will pay 117.91 soums of dividends per ordinary share and 250 soums per preferred stock.

Total number of shares, on which dividends are paid, makes up 87,466,100 ordinary and 2,249,558 preferred stocks.

As reported earlier, net income of Almalyk Mining and Metallurgy Combine grew by 47.62% from 87.329 billion soums in 2010 to 128.921 billion soums in 2011.

Almalyk Mining and Metallurgical Combine is one of the largest producer of nonferrous metal in Central Asia and only copper producer of Uzbekistan. AGMK produces 90% of silver and 20% of gold in Uzbekistan. The company has two mining enterprises, two concentrating plants and two metallurgy plants.

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