AGMK’s net profit reached 1.5 trillion soums in the first quarter

Tashkent, Uzbekistan (UzDaily.com) -- The net profit of the Almalyk Mining and Metallurgical Plant (AGMK) for the first quarter of 2024 amounted to 1.5 trillion soums, which is 4.7% more than in the same period in 2023.

According to the company’s quarterly report, the plant’s revenue decreased by 4.9%, reaching 6.6 trillion soums. However, other income from core activities increased from 70.9 billion to 713.1 billion soums, which represents an increase of 904.9% compared to the previous year.

Long-term bank loans to AGMK increased from 12.3 trillion to 15.1 trillion soums (+22.9%), and long-term loans - from 3.0 trillion to 6.3 trillion soums (+110.0%).

The plant’s assets at the end of the first quarter of 2024 amounted to 59.3 trillion soums, which is 3.6% more than in the same period in 2023. During the same period, AGMK’s equity capital exceeded 26.9 trillion soums, growing by 50.9%.