Almost one third of Uzbektelecom`s net profit to be used for 2013 dividends

Tashkent, Uzbekistan, July 23
By Demir Azizov- Trend:

The "Uzbektelecom" JSC, the national mobile operator of Uzbekistan will use 32 percent out of the net profit volume as of the year for the payment of dividends for 2013, the company`s securities department told Trend with reference to the decision of the annual general meeting of shareholders.

The company will pay dividends for 2013 in the amount of 288.5 soums per preferred and 151 soum - for each ordinary shares at par value of 1,154 soums each.
As of 2012, the company also paid dividends in the amount of 288.5 soums - for preferred and 151 soums - per ordinary shares.

In accordance with the decision of shareholders, in total, 32 percent of total volume of net profit, or 5.081 billion soums will be allocated for the payment of dividends.
Net profit of the company increased by 17 percent as of last year- up to 15.855 billion soums.

The main volume of net profit - 57.2 percent (9,074 billion soums) will be used to finance investment projects. Five percent will be allocated to replenish the reserve and investment funds of the company, accordingly.

The authorized capital of "Uzbektelecom" JSC is currently generated in the amount of 37,729,606,000 soums, it consists of 31,579, 649 ordinary shares and 1,114,984 preferred shares at par value of 1,154 soums each.

The state owns 94 percent, the labor collective - 5.8 percent, and other shareholders - 0.2 percent in the structure of the company's authorized capital which is generated at the expanse of 22 branches, three subsidiaries and interests in eight joint ventures.

In accordance with the audited balance, approved by the meeting of the shareholders, as of 2013 the net profit of the "Uzbektelecom" JSC increased by 17 percent - up to 15.855 billion compared to the same indicator in 2012.

The assets of "Uzbektelekom" JSC in 2013 decreased by 3.4 percent -by 812.921 billion soums, including non-current assets - by 5.1 percent to 629.481 billion soums. The current assets of the company increased by 2.9 percent - up to 183.44 billion soums.

The liability of "Uzbektelecom" JSC decreased by 16.3 percent - up to 476.943 billion soums last year, including long-term liabilities - by 14.5 percent to 372.367 billion soums, current liabilities - by 22.1 percent to 104.576 billion soums.

Net sales revenue of the production increased by 11.1 percent - up to 686.227 billion soums, the prime cost - by 29.6 percent up to 379.29 billion soums.

Total installed capacity of more than 2,000 ATS of the "Uzbektelecom" JSC is about two million numbers, including digital - more than 98 percent.

The official exchange rate on July 23 is 2328.16 UZS / USD.
Edited by CN

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