Uzbekistan's top 10 most profitable state-owned firms revealed

1. Navoi Mining and Metallurgical Company tops the list with earnings of $1.33 billion, a significant 37.5% increase.2. Almalyk Mining And Metallurgical Complex follows, earning $580 million, up by 16.3%.3. National Bank of Uzbekistan posted $210 million, a 5.9% increase.4. Navoiuranium earned $180 million, showing a 5.1% increase.5. Navoiyazot made $120 million, up by 3.2%.6. Uzmetkombinat had earnings of $100 million, an increase of 2.8%.7. Uzbekneftegaz reported $94 million, up by 2.7%.8. Uzavtosanoat made $75 million, increasing by 2.1%.9. AgroBank had revenue of $53 million, a 1.5% increase.10. Uzbek Industrial and Construction Bank (SQB) earned $51 million, a 1.4% increase.

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According to the State Assets Management Agency (SAMA) July-August 2023 Report released recently, the most profitable state-owned companies in Uzbekistan in 2022 have been identified. These entities have seen a substantial increase in their revenue, showcasing robust growth in various sectors.

Photo: Uzbekistan's 10 most profitable state-owned businesses for 2022 according to the State Assets Management Agency
Source: Daryo

This report reflects the positive economic trends within Uzbekistan's state-owned enterprises and their contribution to the country's overall growth and stability. It is expected that these companies will continue to play a vital role in the economy, further strengthening Uzbekistan's industrial, mining, banking, and manufacturing sectors.

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