BAKU, Azerbaijan, Dec. 3
By Klavdiya Romakayeva - Trend:
The State Assets Management Agency (SAMA) put up for sale the state share of 339 markets and shopping malls of Uzbekistan, Trend reports with reference to the SAMA.
The Sergeli car market which ended last year with a net profit of 3.34 billion soums ($320,311), is among these markets.
According to the financial statements, Iste'molda Bo'lgan Transport Vositalari Va Ehtiyot Qismlar Sergeli Bozori LLC, which controls the market, is 100 percent state-owned, but at the same time, it is profitable.
If in 2018 the income of the enterprise amounted to 21.2 billion soums ($2.03 million), in 2019 it amounted to 28.2 billion soums ($2.70 million). Most of the income is allocated to pay taxes - 12.7 and 15.5 billion soums ($1.22 million and $1.49 million), respectively.
This year, the company has sharply increased its debt - from 30.7 million to 1.5 billion soums (from $2,944 to $143,852). At the same time, it owes 3.7 billion soums ($354,835).
Earlier it was reported that the Sergeli car market was planned to be transferred from Tashkent to the capital region, and the Car Box Service car maintenance project had to be implemented in its place.
In addition, it is planned to organize Ecobozor markets on the basis of the dekhkan (personal subsidiary) markets Sergeli, Aviasozlar, and Karakamysh in Tashkent.
In total, SAMA has put up for sale a state share in 339 markets and shopping malls. At the end of October, President Shavkat Mirziyoyev stressed the need to radically revise the state's participation in more than 500 markets and shopping malls.
Currently, 23 of them are unprofitable, 210 have low profitability. It is planned that the markets will be turned into centers not only for trade but also for recreation and entertainment.
---
Follow the author on Twitter: @romakayeva
