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Uzbekistan’s grain enterprise notes increase in 2020 revenue

Uzbekistan Materials 15 March 2021 16:10 (UTC +04:00)
Uzbekistan’s grain enterprise notes increase in 2020 revenue

BAKU, Azerbaijan, Mar. 15

By Klavdiya Romakayeva - Trend:

Revenue of Toshkentdonmahsulotlari JSC in 2020 increased by 34.6 percent to 330.5 billion soums ($31 million), Trend reports with reference to Avesta Investment Group.

According to the information, Toshkentdonmahsulotlari JSC was able to increase its revenue despite the reduction of its total assets by 10.1 percent to 247.9 billion soums ($23.6 million).

At the same time, the net profit of Toshkentdonmahsulotlari JSC in 2020 increased by 18.8 percent and reached 13.7 billion soums ($1.3 million), the total capital increased by 26.7 percent to 57.9 billion soums ($5.5 million), and the cost price increased by 38.1 percent to 273.8 billion soums ($26 million).

In addition, it was noted that the company reduced its liabilities by 17.4 percent to 189.9 billion soums ($18 million).

Moreover, earnings before interest and taxes (EBIT) of the company increased by 21.4 percent and amounted to 22.4 billion soums ($2.1 million).

Toshkentdonmahsulotlari JSC is one of the leading food infrastructure enterprises in the city of Tashkent with a quarter-century history. The joint-stock company operates in the field of flour and grain processing products, feed mixtures, bakery products, cereals, and is also engaged in retail trade.

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