Uzavtoprom increases dividends per share by nearly five percent
Uzbekistan, Tashkent, July 8 / Trend D.Azizov /
Uzavtoprom stakeholders decided to pay dividends of 473.88 soum per share of common stock par 32 880.46 for 2009 compared to 453.21 soum per share in 2008 (a 4.6-percent increase).
The decision to pay the dividends was published in national media.
According to the company, Uzavtoprom's net profit in 2009 decreased 11.4 times to 10.522 billion soum compared to the previous year.
Significant profit growth was observed in 2008 due to the transfer of the company's undistributed profits from previous years to GM Uzbekistan.
Uzavtoprom will direct a total of 2.105 billion soum to pay dividends and 8.418 billion soum to form a reserve fund.
The company's authorized capital is 146.038 billion soum.
The official exchange rate is 1,597.11 soum to $1 July 8.