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    Uzbekistan World Technology

    Uzcard's net profit exceeds $50mn in 2023

    Uzcard's net profit exceeds $50mn in 2023

    Uzbekistan's Uzcard payment system has vital financial gains for the year 2023, demonstrating robust performance in its operations. As per to Kapital Deposit, an investment company, Uzcard achieved a net profit of $51.6mn, marking a 47.2% increase compared to the previous year.

    During the same period, Uzcard's revenue rose by 43.4% to reach $77.8mn, showcasing its expanding market presence and increased transaction volumes. The company's assets also grew by 26.1%, amounting to $43.5mn by the end of the fiscal year.

    In October 2022, the Uzbek government sold 75% of its stake in Uzcard to four existing co-owners for UZS 210.1bn ($18.9mn), previously holding a 25% share. This strategic move aimed to enhance operational autonomy and strategic decision-making within the company.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

     
    20.06.2024, 22:49   Comments (0)   1816
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