JSC UZMETKOMBINAT PUBLISHES IFRS FINANCIAL REPORT FOR 2022
Joint Stock Company Uzbek Metallurgical Plant (RSE: UZMK) (hereinafter referred to as JSC "Uzmetkombinat", the "Company"), a leading manufacturer of iron and steel products in Uzbekistan, announces the publication of a financial report for 2022, for the period from 1 January 2022 to 31 December 2022, prepared based on the International Standards of Financial Reporting (“IFRS”).
IFRS Financial Report for 2022 of JSC Uzmetkombinat is available for review at the link:
https://www.uzbeksteel.uz/Corporate-Governance/Information-disclosure/4650, on the company’s website.
The company invites shareholders, investors and analysts on the conference call with the Chief Financial Officer of JSC Uzmetkombinat, Tatiana Budey. The conference call is scheduled on 14 August 2023, at 17:00 (Tashkent, Uzbekistan time), connection details of the call are:
https://us06web.zoom.us/j/81467255440?pwd=RTJxZkZhVFRKaEtoek55bHFvQ1VyZz09
Passcode: 408650
Note:
JSC Uzmetkombinat (JSC UZMK) is the leader of ferrous metallurgy in Uzbekistan, counting its history from 1944. Its manufacturing plant has an installed annual capacity of more than 1 million tons of rolled products and is implementing a large-scale investment program to increase capacity to 2.5 million tons per year during 2021-2025. The enterprise employs more than 12,000 people. Its products are sold in all regions of the country and are exported to various countries of the world, including Europe. More than 80% of the company's shares are owned by the Uzbekistan state. A significant portion of the company’s shares is traded on RSE "Toshkent". Common and preferred shares of the company have the status of highly liquid, and the market capitalization of the company is around UZS 4 trillion (approx. USD 350 million).
Additional inquiries should be addressed to :
Timur Sharifullin – t.sharifullin@uzbeksteel.uz
Disclaimer
This release contains forward‐looking statements that reflect the current views of JSC Uzmetkombinat management regarding future events. They are generally denoted by the words "expect", "anticipate", "intend", "estimate", "aspire", "plan", "will", "forecast" and comparable expressions, and usually contain information that refers to expectations or goals regarding economic conditions, sales revenue, or other criteria for the success of an enterprise. Forward‐looking statements are based on current plans, estimates and expectations within the current legal and regulatory environment and are therefore only valid as of the date indicated. Therefore, such statements should be considered with caution. Such statements are subject to numerous risks and uncertainties (such as those described in publications), most of which are difficult to estimate and are generally beyond the control of JSC Uzmetkombinat. Relevant factors include the consequences of prudent strategic and operational initiatives, including the acquisition or disposal of companies (interests in them) or other assets. If certain risks and uncertainties arise, or if the assumptions on which the statements are based prove incorrect, the actual results of JSC Uzmetkombinat may differ materially from those expressed or implied in these statements. Uzmetkombinat JSC cannot give any guarantee that expectations or goals will be achieved. Uzmetkombinat JSC, despite existing legal obligations, disclaims any responsibility for updating forward‐looking statements to reflect new information or future events or other conditions or circumstances.
In addition to key figures prepared in accordance with IFRS and NAS, respectively, JSC Uzmetkombinat presents key non‐ GAAP measures such as EBITDA, EBIT, net debt and net financial liabilities that are not a component of accounting rules. These key figures should be considered as a supplement to, but not as a substitute for, data prepared in accordance with IFRS. Non‐GAAP key figures are not subject to IFRS or any other generally applicable accounting rules. When evaluating the net assets, financial position and performance of JSC Uzmetkombinat, these additional indicators should not be used in isolation or as an alternative to key indicators presented in the consolidated financial statements and calculated in accordance with relevant accounting principles.
Rounding differences can occur in relation to percentages and figures.
IFRS Financial Report for 2022 of JSC Uzmetkombinat is available for review at the link:
https://www.uzbeksteel.uz/Corporate-Governance/Information-disclosure/4650, on the company’s website.
The company invites shareholders, investors and analysts on the conference call with the Chief Financial Officer of JSC Uzmetkombinat, Tatiana Budey. The conference call is scheduled on 14 August 2023, at 17:00 (Tashkent, Uzbekistan time), connection details of the call are:
https://us06web.zoom.us/j/81467255440?pwd=RTJxZkZhVFRKaEtoek55bHFvQ1VyZz09
Passcode: 408650
Note:
JSC Uzmetkombinat (JSC UZMK) is the leader of ferrous metallurgy in Uzbekistan, counting its history from 1944. Its manufacturing plant has an installed annual capacity of more than 1 million tons of rolled products and is implementing a large-scale investment program to increase capacity to 2.5 million tons per year during 2021-2025. The enterprise employs more than 12,000 people. Its products are sold in all regions of the country and are exported to various countries of the world, including Europe. More than 80% of the company's shares are owned by the Uzbekistan state. A significant portion of the company’s shares is traded on RSE "Toshkent". Common and preferred shares of the company have the status of highly liquid, and the market capitalization of the company is around UZS 4 trillion (approx. USD 350 million).
Additional inquiries should be addressed to :
Timur Sharifullin – t.sharifullin@uzbeksteel.uz
Disclaimer
This release contains forward‐looking statements that reflect the current views of JSC Uzmetkombinat management regarding future events. They are generally denoted by the words "expect", "anticipate", "intend", "estimate", "aspire", "plan", "will", "forecast" and comparable expressions, and usually contain information that refers to expectations or goals regarding economic conditions, sales revenue, or other criteria for the success of an enterprise. Forward‐looking statements are based on current plans, estimates and expectations within the current legal and regulatory environment and are therefore only valid as of the date indicated. Therefore, such statements should be considered with caution. Such statements are subject to numerous risks and uncertainties (such as those described in publications), most of which are difficult to estimate and are generally beyond the control of JSC Uzmetkombinat. Relevant factors include the consequences of prudent strategic and operational initiatives, including the acquisition or disposal of companies (interests in them) or other assets. If certain risks and uncertainties arise, or if the assumptions on which the statements are based prove incorrect, the actual results of JSC Uzmetkombinat may differ materially from those expressed or implied in these statements. Uzmetkombinat JSC cannot give any guarantee that expectations or goals will be achieved. Uzmetkombinat JSC, despite existing legal obligations, disclaims any responsibility for updating forward‐looking statements to reflect new information or future events or other conditions or circumstances.
In addition to key figures prepared in accordance with IFRS and NAS, respectively, JSC Uzmetkombinat presents key non‐ GAAP measures such as EBITDA, EBIT, net debt and net financial liabilities that are not a component of accounting rules. These key figures should be considered as a supplement to, but not as a substitute for, data prepared in accordance with IFRS. Non‐GAAP key figures are not subject to IFRS or any other generally applicable accounting rules. When evaluating the net assets, financial position and performance of JSC Uzmetkombinat, these additional indicators should not be used in isolation or as an alternative to key indicators presented in the consolidated financial statements and calculated in accordance with relevant accounting principles.
Rounding differences can occur in relation to percentages and figures.
