Qizilqumsement

“Qizilqumsement” JSC was founded as a large enterprise specializing in the production of cement and cement products in 1977 in Navoi. The company produces 2.5 million units of cipher and 3.5 million tons of cement products per year, which in total is 29% of the cement market of Uzbekistan. The company produces more than 10 types of cement products of 6 types. The company has a total area of 1,554 ha and employs 3,500 people.

The nominal value of the company's securities is 1,570 UZS, for a total of 447,516,900 shares. The company has 3 cement production lines with a total capacity of 3.5 million tons of cement and cement products.The company's largest shareholder is UzAssets JSC, which owns 86.9% of the company's shares.

In general, the company's natural mineral reserves are very large: lime - 103 million tons, crystalline shale- 26 mln. tons, clay shale - 18 mln. tons, gypsum - 4.7 mln. tons.

The company uses a total of 68 trucks, 5 locomotives for railway use, 54 tractors and trailers, 66 buses and various vehicles, 84 special vehicles for the transportation and production of cement.

The company has a number of internationally recognized certifications.

-ISO 14001 is an international standard that includes requirements for environmental management systems.

-OHSAS 18001 is a certificate obtained in accordance with a number of standards, including requirements and guidelines for the development and implementation of safety management systems and occupational security.

-ISO 9001 is an international certificate introduced to define the criteria for a quality management system.

The project "Construction of the fourth technological line for the production of clinker in the joint-stock company" Qizilqumsement "(with a capacity of annual production is 1.8 million tons) will provide high-quality clinker products in demand in the domestic and foreign markets and start to produce additional new types of products. The investment project with a total volume of capital investments of 112,639.9 thousand euros has been developed and is being implemented.

The investment project is planned to be financed in 2021 by the own funds of JSC “Qizilqumsement” in the amount of 92,83 million euros and loans of commercial banks in the amount of 19,81 million euros. The construction and installation of the project are scheduled for completion in the first quarter of 2022. The company is a leader in the field and has a number of advantages:

The securities have high liquidity in the country’s market (blue chip);

- High return on assets, capital cost, and divided return; The company's profit, asset value, product sales have been growing in the last 4 years;

- The comprehensive construction works are being done in large volume in the country;

- It has deposits rich in natural mineral resources;

- It has major own financial reserves;

In 2021-2022 the company is planning to transfer its financial and accounting reports from the National Accounting Standards of the Republic of Uzbekistan (NAS) to the International Financial Reporting Standards (IFRS).

Year Accrued dividends (In.B.UZS) Payout ratio of the net profit
(According to NAS)
2020 The decision will be made by the General Meeting of Shareholders
2019 205,9 75%
2018 101,6 30%
2017 26,9 54%

Indicators (in K UZS) Change over the previous year* 2020 (NAS)* 2019 (IFRS) 2018 (IFRS) 2017 (IFRS)
Revenue 32% 2 220 961 615 1 682 700 162 1 659 968 739  1 039 848 428 
Cost of sales 21% 1 233 672 911 1 023 586 339 791 588 859  545 470 896 
Gross Profit 50% 987 288 704 659 113 823 868 379 880  494 377 532 
Distribution costs -9% 51 190 510 50 388 912 675 002 354  411 456 522 
Administrative expenses 39 431 937 37 977 854
Operating expense 254 715 054 289 920 222
Other operating income 22% 22 389 088 18 307 637 11 761 523  9 865 304 
Operating Profit 122% 664 340 291 299 134 472 205 139 049  86 786 314 
Finance income 122% 94 585 474 42 533 913 26 934 681  9 128 355 
Finance expense 1096% 13 792 895 1 153 147 5 949 267  16 717 542 
Profit Before Tax 118% 745 132 870 341 518 175 226 124 463  79 197 127 
Income tax 131% 155 137 493 67 026 965 14 860 439  3 112 556 
Net profit 115% 589 995 377 274 491 210 211 264 024  76 084 571 

   

Qizilqumsement

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