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Technologies 08/05/2024 Uzbektelecom’s net profit increases by 32% in the first quarter
Uzbektelecom’s net profit increases by 32% in the first quarter

Tashkent, Uzbekistan (UzDaily.com) -- The net profit of Uzbektelecom JSC for the first quarter of this year amounted to 104.0 billion soums, which is 32.3% higher than the same period of last year.

According to the company’s report, revenue increased by 19.0% and exceeded 2.1 trillion soums.

Income from foreign exchange differences increased by 81.4% and amounted to 169.2 billion soums, while losses from them decreased by 37.4%, to 130.5 billion soums. Long-term bank loans in annual terms increased from 2.9 trillion to 5.1 trillion soums.

The assets of Uzbektelecom JSC at the end of the first quarter of 2024 amounted to 12 trillion soums, which is 32.7% more than the same period in 2023. The company’s equity capital in the same period exceeded 2.6 trillion soums, an increase of 3.7%.

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