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Economy 12/07/2010 Uzmetkombinat reports net income for 22.293 billion soums in 2009
Uzmetkombinat reports net income for 22.293 billion soums in 2009
Tashkent, Uzbekistan (UzDaily.com) -- Joint stock production union “Uzbek Metallurgy Combine” (Uzmetkombinat) received net income at the size of 22.293 billion soums in 2009, the company’s annual report said.

In line with the report, the net income of Uzmetkombinat made up 46.165 billion soums in 2008, which is twice as much as in 2009.

Net revenue from sales fell from 467.89 billion soums in 2008 to 445.929 billion soums in 2009, the report noted. Gross income from sales in 2009 made up 98.326 billion soums against 138.451 billion soums in 2008.

Long-term assets rose from 127.105 billion soums in 2008 to 173.715 billion soums, current assets fell from 152.423 billion soums to 147.318 billion soums.

The charter capital of Uzmetkombinat rose from 32.01 billion soums in 2008 to 45.614 billion soums in 2009, the report said.

Liabilities of the company rose from 83.786 billion soums to 95.295 billion soums. Long-term liabilities rose from 117 billion soums in 2008 to 11.423 billion soums, while current liabilities fell from 83.669 billion soums to 83.371 billion soums.

As earlier reported, Uzmetkombina, manufactured goods for 547 billion soums in established prices. The growth rate made up 7.6% year-on-year.

The company increased steel output by 6.2% year-on-year to 716,400 tonnes in the reporting period. The company supplied 687,100 tonnes of ready rolled metal to customers, which is up 6.9% year-on-year.

Output of rolled ferrous metals made up 687,100 tonnes compared to forecasted 650,000 tonnes in 2009. In particular, the company produced 158,400 tonnes of milled balls.

The company manufactured consumer goods for 16.7 billion soums, which is up 78% to forecast. The growth rate made up 8.4%.

The company exported 317,800 tonnes of goods for US$152.335 million, which is up 2.6% compared to 2009 plan. The company received US$113.17 million hard currency from exports.

The company’s investment programme for 2009 was envisaging utilization of 29.7 billion soums, including 25.2 billion soums on construction and assembly works. But actually used capital investments made up 29.707 billion soums, including 8.961 billion soums on construction and assembly works.

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