Net income slip is connected with increase of the company’s expenses to 56.125 billion soums in 2009 from 39.104 billion soums in 2008.

Net revenue from goods realization grew from 196.183 billion soums in 2008 to 214.181 billion soums in 2009.

Capital investments of Maxam-Chirchiq made up 2.82 billion soums in 2009 compared to 2.545 billion soums in 2008, the financial report of the company said.

Maxam-Chirchiq OJSC, former Elektrohimprom, was commissioned in 1940 and specializes on production of ammonia, ammonium nitrate, and carbamide. MaxamCorp S.A.U. purchased 49% stake at Elektrohimprom for US$22 million in 2007. The company undertook obligation to invest US$55 million in next five years. The charter capital of the company is 24.996 billion soums.

Maxam-Chirchiq is a leading chemical enterprise in Uzbekistan, which produces 30 types of goods. The company realizes its products in internal market and exports to the countries of the CIS, European Union, USA, Latin America, and Australia.