Tashkent, Uzbekistan (UzDaily.com) —  JSC "Quvasyacement" reported a net loss of 37.4 billion soums for the third quarter of 2024, a negative result compared to a net profit of 10.5 billion soums for the same period in 2023.

The company’s net revenue decreased from 194.3 billion soums to 91.5 billion soums, while its gross profit dropped by 87.8%, amounting to 7.0 billion soums.

Long-term bank loans decreased from 67.5 billion soums to 37.5 billion soums, while short-term loans increased from 30.7 billion soums to 93.3 billion soums.

The company’s assets grew by 50.1% year-on-year, reaching 1 trillion soums, while its equity decreased by 7.9%, totaling 498.7 billion soums.