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State Property Fund to examine profitability of state-owned enterprises

The State Property Management Fund has developed a special methodology for assessment of 22 joint-stock companies with state participation. The Chairman of the fund Renat Tuleberdiev told today at a press conference.

According to him, the fund is currently studying the profitability of state-owned joint-stock companies. They are assessed on eight financial and four non-financial indicators. The head of the fund is sure that such an assessment is useful for the companies themselves.

«In the fourth quarter of 2018, we will assess 22 joint-stock companies on these indicators. We also tie the salaries of the board members to them. The priority is to develop a methodology for efficiency of each employee of an enterprise. Until November 1, the employees of the fund want to introduce performance indicators for 99 state-run enterprises. At least 9 of them are dominant in obtaining net profit. A full assessment of the state-owned enterprises is planned for 2019,» Renat Tuleberdiev stressed.