Tashkent, Uzbekistan (UzDaily.com) -- The net profit of the national airline Uzbekistan Airways for the first quarter of 2024 decreased by 14.3% and made up 61.4 billion soums.

The company’s revenue for the first quarter of 2024 increased by 6% compared to the same period in 2023 and reached 3.4 trillion. soums However, gross profit decreased and amounted to 276.6 billion soums (-31.9%).

The cost of services provided increased from 2.8 trillion to 3.1 trillion soums (+11.5% year-on-year), the company’s quarterly report notes.

Uncovered loss for the year decreased from 338.6 billion to 88.5 billion soums, and long-term bank loans decreased from 7.9 trillion to 7.5 trillion soums.

The airline’s assets amounted to 18.3 trillion. soums (-0.1%), and equity capital increased to 7.8 trillion. soums (+1.6%).