The Ukrainian Metal

Uzbekistan: Navoi Mining and Metallurgical Combine receives over $1 billion of net profit

Last year, the Navoi Mining and Metallurgical Combine manufactured products worth $5 billion (54.2 trillion soums). According to the investment program, the company has mastered $621.1 million, creating more than 3,400 new jobs. As for the localization program, the company made products worth $40.8 million (442 billion soums).

At the same time, $388 million (4.2 trillion soums) worth of purchased products were provided for inter-industry production cooperation.

“Comprehensive measures to reduce the cost of production were implemented by 103.4%, which allowed to reduce the cost of production by about $101.6 million (1.1 trillion soums) or by 6.7%,” the company report says.

The expected net profit of NMMC for 2021 will amount to over $1 billion (11.3 trillion soums). (Uzreport/Ukrainian metal)

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