Tashkent, Uzbekistan, Jan. 16
By Mamed Dashdemirov – Trend:
Uzbekistan Railways SC has registered an additional issue of shares with an aggregate nominal value of more than 1.5 trillion soums, the company’s management told Trend.
In particular, the company has issued 3.561 billion common shares with a par value of 430 soums, the placement of which will increase the authorized capital by 3.3 times and bring it up to 2.2 trillion soums.
The sole owner of the company’s shares is the Center for State Assets Management.
On January 12, 2018, the Uzbek president signed a decree instructing the railway company to build a mining and metallurgical plant based on the Tebinbulak field in Karakalpakstan.
The project, which costs $1.5 billion, is planned to be completed by 2024. Its capacity is up to one million tons of steel products.
Assets of Uzbekistan Railways SC increased by 1.7 times up to 22.35 trillion soums, capital – by 15.7 percent up to 8.96 trillion soums in January-September 2017.
Net revenue of the company rose by 1.4 times up to 3.36 trillion soums, net profit – by 1.7 times up to 526 billion soums in January-September 2017 as compared to the same period of 2016.
(1 USD = 8,146.38 UZS on Jan. 16)