According to the company, net revenue reached 175.24 billion soums in 2010 compared to 74.234 billion soums in 2009, while prime cost rose from 59.148 billion soums to 139.076 billion soums.

Gross profit from sales rose from 15.085 billion soums to 36.165 billion soums in the reporting period. Expenses of the company rose from 13.41 billion soums to 22.07 billion soums.

Income from main activity almost tripled from 3.469 billion soums in 2009 to 15.763 billion soums, the report said.

Income from financial activity made up 1.782 billion soums in 2010 against 341.6 million soums in 2009, while expenses from financial activity slipped from 2.318 billion soums to 1.342 billion soums in the reporting period.

Ammofos-Maxam’s assets rose from 172.908 billion soums in 2009 to 193.766 billion soums in 2010. Long-term assets jumped from 13.456 billion soums to 20.531 billion soums in the reporting period. Current assets made up 173.234 billion soums in 2010 against 159.452 billion soums a year earlier.

Own capital of the company exceeded 66.762 billion soums in 2010 compared to 40.442 billion soums in 2009. Undistributed income grew from 869.979 billion soums in 2009 to 23.247 billion soums in 2010.

Liabilities of Ammofos-Maxam decreased from 132.466 billion soums in 2009 to 127.004 billion soums in 2010, the report said.

Ammofos-Maxam open joint stock company is located in Almalyk, Tashkent region. The plant was commissioned in 1969. The enterprise is the largest producer of nitrogenous phosphatic mineral fertilizers in Uzbekistan. It meets 85% of demand of agriculture sector in phosphate fertilizers.

Spain’s Maxam Corp. acquired 49% stake in Ammofos-Maxam OJSC for US$18 million in January 2008. It also undertook investment obligation for US$30 million, which will be directed to modernization of existing capacities.