Tashkent, Uzbekistan (UzDaily.com) -- The net profit of UzAuto Motors for the first quarter of 2024 reached 1.3 trillion soums, which is 374.5% higher than the result of the same period in 2023.

According to the company’s report for the quarter, net revenue increased by 31.4% to 11.4 trillion soums, and gross profit increased by 100.6% to 2.4 trillion. soums

Long-term bank loans to the automaker amounted to 1.8 trillion soums, and long-term loans - 3.8 trillion soums (+10.4%). Short-term loans decreased from 704.7 billion to 9.0 billion soums.

The company’s assets decreased by 6.3% in the first quarter of 2024 compared to the same period in 2023, amounting to 34 trillion soums. Own capital reached 10.4 trillion soums in the reporting period, which is 55.8% higher than the results of the same period in 2023.