Uzmarkazimpeks directs 791.319m soums to payment of dividends

Net income of Uzmarkazimpeks state joint-stock foreign trade company fell from 5.13 billion soums in 2011 to 3.165 billion soums in 2012, the annual report of the company said.

Shareholders of the company directed over 791.319 million soums to payment of dividends. The size of the dividend per shares is 3,733.45 soums (14.2% to par value). Total number of shares, on which dividends are paid, makes up 211,954 units.

Shareholders kept 2.204 billion soums at the accounts of the company and allowed to use it to increase charter capital via raising nominal value of shares.

The company said that shareholders directed 169.637 million soums to formation of reserve fund.

Uzmarkazimpeks also set maximum size of announced shares at the size of 200,000 ordinary shares with par value of 51,400 soums.

Shareholders also adopted decision to increase the charter capital. According to the decision, the charter capital will increase from 5.574 billion soums to 10.894 billion soums.

The charter capital will grow due to capitalization of part of undistributed income for 2011 at the size of 3.116 billion soums and part of net income for 2012 at the size of 2.204 billion soums.

Uzmarkazimpeks state joint-stock foreign trade company was established in 1998. The company’s major activities are export of Uzbek cotton fibre, cotton fibre processing products and other export-oriented products produced by enterprises of the republic, soft grain and flour, etc.