• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.48
    • RUB159.75
    • EUR14871.64
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +30°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    Kazakhstan's Samruk-Kazyna sees 10.3% reduction in 2023 net profit, totals $4.5bn

    Kazakhstan's Samruk-Kazyna sees 10.3% reduction in 2023 net profit, totals $4.5bn

    Samruk-Kazyna, the Kazakhstani Wealth Fund, saw its net profit for 2023 fall by 10.3% to $4.5bn, according to a report submitted to the Kazakhstan Stock Exchange (KASE). This decrease was mainly due to a 4.5-time increase in depreciation and higher operational costs. Financial expenses rose to $1.5bn, and profits from joint ventures and associated companies dropped by 1.5 times to $2bn.

    Photo: Samruk-Kazyna
    Source: Kursiv

    Despite the profit decline, the holding's revenue grew by 4.1% to over $33bn. Public subsidies also increased by 14.3%, reaching $131mn. Earlier this year, CEO Nurlan Zhakupov had projected a net profit of around $4bn based on preliminary data.

    The company's total assets increased by 9.8% to $79.3bn, driven by a significant rise in long-term assets and financial leasing investments. Equity capital grew by 10.1% to almost $47bn, supported by a twofold increase in noncontrolling interests to nearly $10bn and higher undistributed revenue of $22.2mn.

    Samruk-Kazyna's liabilities grew by 9.8%, reaching $32.6bn. Loans from the government tripled to $23.6mn, while other current liabilities nearly tripled to $2.4bn. Liabilities related to assets for sale increased by 50.5% to $3.3bn.

    The holding sold several significant assets in 2023. KazMunayGas sold a 50% stake in Kalamkas-Khazar Operating to Russia’s Lukoil for $200mn. Additionally, Samruk-Kazyna Ondeu sold a 40% share in Kazakhstan Petrochemical Industries (KPI) to Russia's Sibur Holding for $180mn.
    Photo: Samruk-Kazyna
    Source: Freepik

    In 2023, Samruk-Kazyna transferred $989mn in payments, including $511mn in dividends to the government, $144mn to the Qazaqstan Halkyna Fund, and $215mn from undistributed profits. This compares to $649mn in government payments in 2022, $335mn in 2021, and $387mn in 2020.

    Samruk-Kazyna announced plans to issue 1,000 common shares at $524,393 each in May. These will be purchased by the Committee of State Property and Privatization, the fund's sole shareholder. Currently, there are 3.5bn common shares on the market, with authorized shares totalling 3.5bn.

    Samruk-Kazyna, established in 2008, was formed by merging the Sustainable Development Fund Kazyna and Kazakhstan’s Holding for Management of State Assets Samruk. The fund’s primary goal is to increase the long-term value of the entities it manages. It operates across eight sectors, including petrochemical, transportation, communication, energy, mining, corporate, and various other industries.

     

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

    29.06.2024, 21:08   Comments (0)   1528
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Fitch affirms Kazakhstan's Samruk-Kazyna at 'BBB' with $23bn debt

    24.11.2023, 01:18

    UNDP and Samruk-Kazyna partner to advance social inclusion and responsible business in Kazakhstan 

    25.06.2024, 20:50

    Kazakhstan, UNDP, and Eurasian Development Bank collaborate on water management innovation 

    29.06.2024, 14:23

    Pilot train launches from Korea on China-Kazakhstan-Uzbekistan route

    28.06.2024, 23:25

    Kazakhstan to decide on nuclear power plant in autumn referendum 

    28.06.2024, 18:43

    UN Secretary-General Antonio Guterres to attend SCO summit in Kazakhstan 

    28.06.2024, 16:03
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024

     

    Recommended

    Heatwaves could kill thousands annually across Central Asia by 2090, World Bank warns

    17 July, 12:10

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    9 July, 15:42

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12
     
     
     

    Latest news

    Uzbekistan professor bridges cultures and fosters innovation at University of Missouri

    Uzbekistan | 26 July, 16:00

    Uzbekistan uses over half of its land for agriculture, Cadastral agency reports

    Uzbekistan | 26 July, 13:35

    Uzbekistan’s poverty rate falls to 6.8% with 2.1 pp drop in 1H25

    Uzbekistan | 26 July, 11:01

    Uzbekistan advances social protection reform with results-based planning and budgeting workshop

    Uzbekistan | 25 July, 17:28

    Afghanistan, Pakistan sign preferential trade agreement to cut tariffs on key agricultural exports

    Afghanistan | 25 July, 15:00

    Uzbekistan's fixed asset investments reach $21.4bn in 1H25, up by $2.4bn

    Uzbekistan | 25 July, 13:00

    Uzbekistan proposes Georgia to join China–Kyrgyzstan–Uzbekistan railway with view to Middle Corridor integration

    Uzbekistan | 25 July, 11:31

    Chinese firm to build 600 MW data centers in Uzbekistan’s Bukhara and Surkhandarya regions

    Uzbekistan | 25 July, 10:30
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.