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Economy 04/07/2011 Sanoatqalinqogozsavdo OJSC post net loss for 1.101 bn soums in 2010
Sanoatqalinqogozsavdo OJSC post net loss for 1.101 bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Sanoatqalinqogozsavdo open joint stock company (foreign enterprise) received net loss for 1.101 billion soums in 2010 compared to net income for 11.855 million soums in 2009, the annual report of the company, which was published in local media, said.

The company underlined that it produced 7,600 tonnes of cardboards and papers, 11 million square meters of corrugated card board, 8.6 million square meters of corrugated packages, 146 tonnes of binder boards, 10 million rolls of toilet paper. The company also produced 1.4 billion soums of consumer goods. The enterprise shipped goods for 11.2 billion soums and exported products for US$962,000.

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 of the company grew from 9.09 billion soums in 2009 to 9.633 billion soums in 2010. Prime cost grew from 7.556 billion soums to 8.913 billion soums in the reporting period.

The company said that expenses made up 1.905 billion soums in 2010 against 1.927 billion soums in 2009.

Other income from main activity decreased from 553.255 million soums in 2009 to 172.146 million soums in 2010. The company received 1.014 billion soums of loss from main activity in 2010 against 162.613 million soums of profit in 2009.

The assets fell from 10.152 billion soums in 2009 to 8.898 billion soums in 2010, the company said. Long-term assets decreased from 5.937 billion soums in 2009 to 5.833 billion soums in 2010. Current assets made up 3.064 billion soums in 2010 against 4.169 billion soums in 2009.

Own resources of the company dropped from 8.175 billion soums in 2009 to 7.069 billion soums in 2010. The charter capital made up 609.588 million soums. Reserve capital grew from 4.405 billion soums in 2009 to 4.407 billion soums in 2010. Undistributed income fell from 2.396 billion soums to 1.289 billion soums in the reporting period.

Liabilities of the enterprise made up 1.828 billion soums in 2010 compared to 1.977 billion soums in 2009.

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