In the first quarter of 2023, the revenue of Almalyk Mining and Metallurgical Complex (Almalyk MMC) diminished substantially hitting 5.7%, while the net profit scaled down by 23.4%. The financial report of Almalyk MMC is published on the company's website.
The export of copper was reduced by 28%, which led to a fall in total export earnings by 27%.
And yet, Uzbekistan’s largest copper manufacturer contributed significantly to the state budget by paying a huge amount of tax.
The weighted average price of cathode copper on the Commodity and Raw Materials Exchange amounted to UZS104.8 mn (May 8 to 12).
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