Economy

Quartz Swings to Net Profit in First Nine Months of 2026

Quartz Swings to Net Profit in First Nine Months of 2026
Quartz Swings to Net Profit in First Nine Months of 2026 / Photo: "Quartz"..

Tashkent, Uzbekistan (UzDaily.uz) — Uzbek glassmaker Quartz reported net profit of 28.3 billion soums for the first nine months of 2026, compared with a net loss of 15.6 billion soums in the same period of 2025, according to calculations by Kapdepo.

The company's revenue rose by 34.6% year on year to 519.4 billion soums in January–September 2026. Gross profit increased to 143.5 billion soums from 98.6 billion soums a year earlier.

Most of Quartz's net profit for the nine-month period was generated in the third quarter. The company earned 22.4 billion soums in net profit in July–September, down 28.0% from the third quarter of 2025.

Quartz's total assets stood at 517.6 billion soums, a decrease of 14.4% compared with the same period a year earlier. In contrast, the company's equity increased by 20.0% to 265.8 billion soums.

Retained earnings remained negative at minus 70.8 billion soums. According to Kapdepo, the indicator improved by 38.9%.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.