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Finance 12/07/2012 Pakhta Leasing receives net income for 248.29m soums
Pakhta Leasing receives net income for 248.29m soums
Tashkent, Uzbekistan (UzDaily.com) -- Closed joint stock company Pakhta Leasing received net income for 248.39 million soums in 2011 against 53.93 million soums in 2010, the annual report of the company said.

According to the business plan, Pakhta Leasing should receive net income for 1.21 billion soums. The business plan execution made up -20.5%.

The company said that one of main reasons for low net income is received losses from signed agreements with foreign producers. In particular, the company received loss from contracts with Nogin NZTA (Russia) and on supply of mini-technologies and tools from China.

According to the report, income from sales of commission goods in 2011 made up the sum of commission reward at the size of 11.01 million soums. In the reporting period, the company realized agriculture equipment, construction materials, spare parts and mini-technologies for over 2.802 billion soums.

Net revenue decreased from 898.195 million soums in 2010 to 780.533 million soums in 2011. Expenses of the period grew from 548.531 million soums to 565.424 mmillion soums in the reporting period.

Income from financial activity decreased from 227.106 million soums in 2010 to 55.382 million soums in 2011. Expenses from financial activity contrary fell from 465.824 million soums in 2010 to 58.991 million soums in 2011.

As of 1 January 2012, aggregate assets of the company made up 5.535 billion soums against 6.224 billion soums as of 1 January 2011.

Own capital of the company rose from 4.04 billion soums to 4.281 billion soums in the reporting period. The charter capital made up 2 billion soums. Liabilities decreased from 2.184 billion soums to 1.253 billion soums.

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