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Economy 26/07/2024 Net loss of Ferghana Refinery reaches to 96 billion soums in Q2
Net loss of Ferghana Refinery reaches to 96 billion soums in Q2

Tashkent, Uzbekistan (UzDaily.com) -- The net loss of Ferghana Refinery (FNPP) for the second quarter of 2024 made up 96.1 billion soums, whereas in the same period of 2023, the net profit reached 288.9 billion soums.

According to financial statements, net revenue increased by 74.4%, reaching 1.2 trillion soums.

Income from foreign exchange differences decreased from 351.0 billion to 102.7 billion soums, while losses from these differences increased from 27.0 billion to 252.9 billion soums.

Long-term loans of FNPP, which appeared in the third quarter of 2023 (2.0 trillion soums), amounted to 3.4 trillion soums. Short-term loans on an annual basis increased from 486.8 billion to 1.1 trillion soums.

The company’s assets grew by 19.7% during the reporting period, reaching 5.9 trillion soums. The equity capital of LLC "Ferghana Refinery" amounted to 1.1 trillion soums, increasing by 9.9%.

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