Uzbekistan, Tashkent, may 7 /Trend D.Azizov/
Net profit of state joint-stock foreign trade company Uzmarkazimpeks, main areas of activity of which are export of cotton fiber, cotton fiber processing products, finished textile products, wheat and flour, increased by 8.5 percent in 2011 compared to 2010 - up 5.13 billion soum, according to the company's balance sheet.
Net revenues increased by 33.3 percent - up to 12.817 billion soum.
Assets of Uzmarkazimpeks dropped by 45.8 percent - up to 354.773 billion soum last year. In particular, long-term assets increased by 15.6 percent - to 48.77 billion soum, current assets decreased by 2 times - to 306.003 billion soum.
The obligations of the company decreased by 47.9 percent during the year - up to 330.974 billion soum, own funds increased by 19.1 percent - up to 23.799 billion soum.
State Joint-Stock Foreign Trade Company Uzmarkazimpeks was founded in 1998. Fifty one percent of the authorized capital owned by the government through the Ministry of External Relations, Investments and Trade, 30 percent - to legal and 19 percent - to individuals.
The company is one of the major exporters of Uzbek cotton fiber with a turnover of about 300 thousand tons of cotton annually. The company has established stable relations with all producers of cotton in the country and is a member of the Liverpool Cotton Association. The company has a network of specialized cotton terminals in the regions of the total one-time storage of about 100,000 tons of cotton fiber.