The development of the capital market made access to information about joint-stock companies on the market universal and free of expenses. Depending on the capital market's extent of effectiveness these information are variously reflected in share prices of joint-stock companies. This article aims to examine whether the announcement of publicly available information – quarterly earnings announcements of joint stock companies including their level – affects share prices of joint-stock companies on the Warsaw Stock Exchange. This article is also to study whether an investor using that fact has an ability to achieve above-average rates of return.
The paper aimed to analyze the production capacity and financial results of a company called JSC “Samarqanddonmahsulotlari”, which operates as a major enterprise in the grain industry in Uzbekistan. It has been argued that the company’s production capacity is not used at full range, thus limiting company profitability. Development can be achieved by securing raw material supplies and ensuring the proper distribution of products in a demand driven market.