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Economy 25/07/2012 Sanoatqalinqogozsavdo cuts its net loss to 246.911m soums in 2011
Sanoatqalinqogozsavdo cuts its net loss to 246.911m soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Sanoatqalinqogozsavdo open joint stock company (foreign enterprise) decreased its net lost from 1.101 billion soums in 2010 to 246.911 million soums in 2011, the annual report of the company, which was published in local media, said.

The company underlined that it produced 7,200 tonnes of cardboards and papers, 8.2 million square meters of corrugated card board, 6.9 million square meters of corrugated packages, and 9.6 million rolls of toilet paper. The company also produced 1.8 billion soums of consumer goods. The enterprise shipped goods for 14 billion soums and exported products for US$820,000.

According to the company, it received net loss due to growth of prices for raw materials, materials and energy resources, and forced replacement of one materials and raw materials to others, as well as great tax burden.

Net revenue grew from 9.632 billion soums in 2010 to 11.9 billion soums in 2011. Prime cost rose from 8.913 billion soms to 9.662 billion soums in the reporting period.

The company said that the expanses made up 2.235 billion soums in 2011 against 1.905 billion sums in 2010.

Other income from main activity decreased from 172.146 million soums in 2010 to 89.516 million soums in 2011. The company received loss from main activity for 194.861 million soums in 2011 against 1.014 billion soums in 2010.

The assets jumped from 9.266 billion soums in 2010 to 10.934 billion soums in 2011, the report said. Long-term assets fell from 6.201 billion soums in 2010 to 6.092 billion soums in 2011. The current assets made up 4.842 billion soums in 2011 against 3.064 billion soums in 2010.

Own capital of the company decreased from 7.427 billion soums in 2010 to 7.19 billion soums in 2011. The charter capital made up 609.588 million soums.

Liabilities of the company decreased from 3.744 billion soums in 2011 against 1.828 billion soums in 2010, the company said.

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