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Economy 26/05/2011 Quvasoycement posts 64.589 billion soums of net income in 2010
Quvasoycement posts 64.589 billion soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Quvasoycement open joint stock company with foreign investments increased net income from 44.236 billion soums in 2009 to 64.589 billion soums in 2010.

According to audited balance sheet for 2010, net revenue of the enterprise grew by 28.9% year-on-year from 118.474 billion soums in 2009 to 152.76 billion soums in 2010.

Prime cost of realized products grew from 44.719 billion soums in 2009 to 49.945 billion soums in 2010. Expenses grew from 17.37 billion soums to 24.97 billion soums in the reporting period. Gross profit rose by 39.4% from 73.755 billion soums to 102.81 billion soums.

The assets made up 229.94 billion soums in 2010 against 200.973 billion soums in 2009. The growth rate made up 14.4%. At the same time, the fixed assets grew 3.7 times to 89.28 billion soums and long term investments – by 4.2% to 60.59 billion soums.

The charter capital of Quvasoycement made up 606.296 million soums, which consists of 504,413 ordinary shares and 834 preferential shares. The nominal value is 1,200 soums. Undistributed income reached 200.262 billion soums.

Quvasoycement open joint stock company (Quvasoy, Ferghana region) was commissioned in 1932. Its capacity is 920,000 tonnes of cement a year. In June 2010, CFMC Engineering of China carried out modernization of the plant with the cost of US$33.2 million.

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