Tashkent, Uzbekistan (UzDaily.com) — The state-owned company Navoiyuran reported a twofold increase in net profit in 2024, according to its financial statements.

The company's revenue for the reporting period reached 11.6 trillion soums, marking a 92.7% increase compared to 2023.

Gross profit from product sales and operating profit more than doubled, amounting to 8.67 trillion and 6.15 trillion soums, respectively.

Navoiyuran’s retained earnings reached 6.16 trillion soums, while net profit surged from 2.64 trillion to 5.31 trillion soums.

At the same time, total expenses grew 2.6 times, exceeding 2.53 trillion soums. 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 soums.

By the end of 2024, the company’s total assets amounted to 9.4 trillion soums, reflecting a 58.8% year-on-year increase, while equity capital rose to 8.3 trillion soums, up by 46.6% compared to the previous year.