The state-owned company Navoiyuran reported a 2-fold increase in net profit in 2024, according to its financial statements.
The company’s revenue for the reporting period reached 11.6 trillion sums, up by 92.7%.
Gross profit from product sales and operating profit more than doubled, amounting to 8.67 trillion and 6.15 trillion sums, respectively.
Navoiyuran’s retained earnings reached 6.16 trillion sums, while net profit surged from 2.64 trillion to 5.31 trillion sums.
At the same time, total expenses grew 2.6-fold, exceeding 2.53 trillion sums. A significant factor in this increase was the rise in “other operating expenses,” which more than tripled from 0.65 trillion to 2.14 trillion sums.
As of the end of 2024, the company’s total assets amounted to 9.4 trillion sums, reflecting a 58.8% increase, while equity capital rose to 8.3 trillion sums, or by 46.6%. (UzDaily)
