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Economy 15/07/2011 UzPakhtaMash introduces changes to balance sheet
UzPakhtaMash introduces changes to balance sheet
Tashkent, Uzbekistan (UzDaily.com) -- UzPakhtaMash open joint stock company (Uzbek Cotton Machinery) introduced changes to its balance sheet, which is disclosed recently.

The company said net income of UzPakhtaMash decreased from 206.141 million soums in 2009 to 58.19 million soums in 2010. In previous edition, the net income for 2009 was 264.188 million soums.

UzPakhtaMash said that net revenue of the company fell from 4.129 billion soums in 2009 to 3.256 billion soums in 2010. Net revenue for 2009 was 5.788 billion soums in previous balance sheet.

Prime cost decreased from 2.999 billion sums in 2009 to 2.413 billion soums in 2010, the company said. Earlier, the company said 2009 prime cost was 4.338 billion soums.

Gross profits decreased from 1.13 billion soums in 2009 to 843.141 million soums in 2010. Earlier, the company reported that prime cost for 2009 made up 1.45 billion soums.

Expenses of the period decreased from 1.065 billion soums in 2009 to 1.067 billion soums in 2010. The company earlier said its expenses exceeded 1.235 billion soums in 2009.

UzPakhtaMash JSC is situated in Tashkent city. The factory was put into operation in 1946. The main type of activity of the enterprise is production of cotton processing machines.

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