Uzbekistan, Tashkent, May 26 / Trend, D.Azizov /
Almalyk Mining and Metallurgy Combine (AGMK) will pay dividends for 2009 worth 51.5 soums for ordinary and 250 soums for preference shares with nominal cost of 1000 soums (5.15 percent annually and 25 percent annually respectively), the enterprise said.
The decision on dividend payment was made at the annual general meeting of the AGMK shareholders May 21.
As a result of 2008, dividends on ordinary shares, according to the decision of the shareholders, were not paid. On preference shares dividends amounted to 250 sums per share.
Authorized fund of AGMK currently is 89.687 billion soums and divided into 2 million 242,175 preference and 87 million 444,809 ordinary shares with nominal cost 1,000 soums each.
In the structure of authorized capital of the company 97.5 percent of shares is owned by state, 2.5 percent - the labor collective.
AGMK mined 29.5 million tonnes of copper ore or the set task was exceeded by 5.3%. Copper production reached 82,500 tonnes, which is up by 4% compared to set plan for 2009. Metal zinc production made up 19,100 tonnes (up 35.7% compared to set task) and sulphuric acid output comprised 342,700 tonnes (up 4%).
Net income of Almalyk Mining and Metallurgy Combine (AGMK) made up 27.757 billion soums in 2009 against loss for 20.044 billion soums in 2008.
The combine is the only copper producer in Uzbekistan. It produces refined copper (cathode), metallic zinc, lead concentrate and other products. The share of the combine is about 90 percent of the solver production and 20 percent of gold in the country.
May 26, official exchange rate is 1578.87 soums to $1.