Urgench Sharob

JSC “Urgench Sharob” is one of the largest enterprises specialising in the production of vodka and wine. From 1936, the grape harvest was processed and began its activities in Urgench as a base of "O’ztayyorlov savdo”. In 1940, the base was closed and specialised in the winery, for bottling wine. From 1997, the vodka production plant was reconstructed and expanded - the vodka production, the distillery, and the bottling plant were rebuilt and put into operation.

The nominal value of the company's stock is 600 soums and the total number is 4,960,504 pieces. The share of “UzAssets” JSC is 53,9 %.

The total land area of the enterprise is 6.58 ha, it consists of, the main enterprise - 3.13 ha,  the "Parkent"   wine plant - 1 ha,  and "Chalish" - 2.45 ha. 

The annual capacity of vodka production is 580,000 decalitres; the power of wine production is 180,000 decalitres per year; the annual capacity of receiving and processing grapes is 4,500 tons.

Due to the high quality of products, the company participated in various exhibitions nationwide and several international exhibitions in the CIS countries. In 2018, Tashkent hosted the Wine Art 2018 International contest, during which the company's semi-desert wine "Qora-Ko'z" received a gold medal. In 2019, the Wine Art 2019 International Contest was held in Moscow, during which cognac "Корона" was awarded the "Best Product 2019" award.

All products manufactured by the company fully comply with State standards and specifications. Today the company produces vodka and wine in the form of basic and souvenir products packaged in polyethene boxes.

The company currently produces and supplies 52 types of vodka, 14 types of ready-made wine and two types of cognac.

The material and technical base of the company is fully equipped with the necessary tools and equipment. In particular, the company has industrial vineyards on 150 ha of land for the production of high-quality wine. Moreover, recently Italian company Della Toffola delivered modern technological equipment for the primary grape processing.

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).

Indicators (in thousand UZS) Change over previous year 2020 2019 (IFRS) 2018 (IFRS) 2017 (IFRS)
Revenue -19%   36 226 318 44 971 584 25 439 325
Cost of sales -16%   32 251 550 38 174 412 21 044 959
Gross Profit -42%   3 974 768 6 797 172 4 394 366
Distribution costs -47%   3 281 539 6 160 297 3 079 858
Administrative expenses  
Operating expense  
Other operating income 0%   259 185 259 395 558 675
Operating Profit 6%   952 414 896 270 1 873 183
Finance income 1011%   99 401 8 946 10 284
Foreign currency revaluation income -   - - -
Finance expense 48%   945 791 639 810 375 692
Profit Before Tax -60%   106 024 265 406 1 507 775
Income tax -39%   69 705 113 443 281 477
Net profit -76%   36 319 151 963 1 226 298

  

Year  Accrued dividends (In.B.UZS) Payout ratio of the net profit 
(According to NAS)
2020 (business plan)*
          (assumption)
0,04* 40%
2019 0,026 70%
2018 0,078 52%
2017 0,5 25%

Urgench Sharob

Assets (in B UZS)
Equity/Liability (in B UZS)
Revenue/Net Profit (in B UZS)
ROA (%)
ROE (%)
EPS /Dividend per share (UZS)
Debt to equity ratio /Working capital ratio (Coef.)
Current financial independence ratio /Deterioration ratio (Coef.)
Liquidity ratio (Coef.)
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