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Finance
17/05/2010
Alliance Leasing increases net income three times in 2009
Alliance Leasing increases net income three times in 2009
Tashkent, Uzbekistan (UzDaily.com) --
Alliance Leasing, an Uzbek-British joint venture in form of open joint stock company, increased its net income three times in 2009 to 354.808 million soums, the annual report of the company said.
Alliance Leasing signed 44 leasing agreements in 2009. Gross income from service sales rose from 104.646 million soums in 2008 to 360.541 million soums in 2009.
Income from main activity made up 301.483 million soums in 2009 against 76.93 million soums in 2008. Income from financial activity rose by 69.62% to 96.377 million soums in the reporting period.
The company’s assets decreased from 2.21 billion soums to 2.061 billion soums in the reporting period, the company said.
Capital of Alliance Leasing decreased from 1.9 billion soums at the end of 2008 to 1.527 billion soums in the reporting period of 2009.
The charter capital made up 1.097 billion soums at the end of 2009 compared to 1.797 billion soums in the beginning of 2009. Current assets of Alliance Leasing rose from 310.447 million soums to 533.859 million soums.
Alliance Leasing, an Uzbek-British joint venture, was founded on 29 December 2008 through attraction of foreign direct investments. British AGS Capital Ltd. Is the main founder of the venture.
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