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Economy 13/06/2011 Net income of Uzmetkombinat makes up 57.217 bn soums in 2010
Net income of Uzmetkombinat makes up 57.217 bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Uzbek Metallurgy Combine (Uzmetkombinat) open joint stock company increased its net income from 22.293 billion soums in 2009 to 57.217 billion soums in 2010.

Net revenue of the company made up 565.725 billion soums in 2010 against 445.922 billion soums in 2009. Prime cost rose from 347.603 billion soums in 2009 to 401.598 billion soums in 2010.

Gross profit from goods sales grew from 98.326 billion soums in 2009 to 164.126 billion soums in 2010. Expenses of the period rose from 75.873 billion soums in 2009 to 101.167 billion soums in 2010.

Other income from main activity decreased from 8.036 billion soums to 2.798 billion soums in the reporting period. Income from financial activity made up 4.746 billion soums in 2010 against 2.402 billion soums in 2009.

Uzmetkombinat’s assets grew from 321.034 billion soums in 2009 to 378.509 billion soums in 2010. Long-term assets grew from 173.715 billion soums in 2009 to 189.136 billion soums in 2010. Current assets made up 189.373 billion soums in 2010 compared to 147.318 billion soums in 2009.

Own capital of the company grew from 225.738 billion soums in 2009 to 288.156 billion soums in 2010. The charter capital grew from 45.614 billion soums in 2009 to 64.46 billion soums in 2010. Undistributed income made up 142.494 billion soums in 2010 against 110.672 billion soums in 2009.

Liabilities of Uzmetkombinat decreased from 95.295 billion soums to 90.353 billion soums in the reporting period. Long-term liabilities grew from 11.423 billion soums to 11.566 billion soums. Current liabilities fell from 83.372 billion soums in 2009 to 78.787 billion soums in 2010.

As reported earlier, the enterprise produced 717,400 tonnes of steel (+0.1%). It also manufactured and shipped 691,600 tonnes of ready rolled metal (+0.7%) and 167,800 tonnes of milling balls.

Uzmetkombinat exported 345,000 tonnes of metal-roll for US$167.8 million in 2010. Within the investment programme, the company utilized 38 billion soums.

Uzmetkombinat has been established in line with the resolution of the Cabinet of Ministers of Uzbekistan No. 159 from 24 March 1994 through re-organization of the state enterprise.

The enterprise specializes on processing ferrous metal scraps, production and realization of special iron, as well as other metal products and consumer goods.

Shareholders of Uzmetkombinat are the government (71.91%), labour (10%), National Bank of Uzbekistan for Foreign Economic Activity (3.85%), Avtosaninvestsavdo (3.85%), Navoi mining and metallurgy combine (3.85%), Almalyk mining and metallurgy combine (3.85%) and other individuals (2.69%).

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