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Economy 27/06/2012 Uzkabel to pay dividends for 2010 and 2011
Uzkabel to pay dividends for 2010 and 2011
Tashkent, Uzbekistan (UzDaily.com) -- Uzkabel open joint stock company in form of joint venture distributed net income of the company for 2010 and 2011.

According to the shareholders decision, Uzkabel will direct 10.029 billion soums from 2011 net income and 3.975 billion soums from 2010 net income to technical development and increasing turnover funds of the enterprise.

Shareholders also issued 644.257 million soums from 2011 net income and 429.5 million from 2010 net income to payment of dividends. The size of the dividends per share makes up 1,000 soums for 2010 and 1,500 soums for 2011.

Total number of shares, on which dividends are paid, makes up 429,505 units. The dividends will be paid in cash.

The venture allocated 36.074 million soums from 2010 net income to form reserve fund.

Uzkabel open joint stock company in form of joint venture is the largest producer of cable and wire products in Central Asia.

Uzkabel’s capacity is 50,000 tonnes of copper rod wire, trolley wire - 9,800 tonnes, telephone cable - 15,000 km, and logging cable for oil industry - 8,300 km.

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