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Economy 11/05/2012 Net income of Maxam-Chirchiq reaches 24.4bn soums in 2011
Net income of Maxam-Chirchiq reaches 24.4bn soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Maxam-Chirchiq open joint-stock company grew by 3.22 times year-on-year to 24.4 billion soums in 2011.

Net revenue of the company rose from 257.061 billion soums in 2010 to 271.998 billion soums in 2011. Prime cost rose from 197.557 billion soums to 198.852 billion soums in the reporting period.

Gross income made up 73.146 billion soums in 2011 against 59.505 billion soums in 2010, the report of the company said. Expenses rose from 62.461 billion soums to 63.369 billion soums in the reporting period.

The company’s assets grew from 423.797 billion soums in 2010 to 504.489 billion soums in 2010, fixed assets decreased from 71.314 billion soums to 65.823 billion soums.

The charter capital of Maxam-Chirchiq made up 24.996 billion soums. Undistributed income grew from 20.895 billion soums to 32.902 billion soums in the reporting period.

Long-term liabilities increased from 9.869 billion soums to 71.1 billion soums, while current liabilities – from 246.639 billion soums to 253.66 billion soums in the reporting period.

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.

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