Profits of state-owned companies double in Kyrgyzstan
Compared with the previous year, indicators of joint-stock companies in terms of profit have doubled. Chairman of the State Property Management Fund of Kyrgyzstan Mirlan Bakirov told at a briefing.
According to him, following the results of 2020, the profit of joint stock companies with state share was 3,367 million soms. At the end of 9 months of 2021, the figure reached 6,880 billion soms.
«I think that at the end of the year the figures will be even higher. To date, only 29 out of 94 state-owned enterprises made a profit for 9 months. There are unprofitable enterprises and those that are financed from the budget or self-sufficient. We addressed the Cabinet of Ministers with a proposal to optimize state companies. In some cases, we will go for merger, somewhere for liquidation, somewhere — for change of the status from an enterprise to institution,» Mirlan Bakirov said.
