In the first quarter, UzAuto Motors' net income increased by 75%

In the first quarter of 2022, UzAuto Motors earned a net profit of 619.6 billion soums, which is almost 75% more than in the same period of 2021.

In January-March, UzAuto Motors earned 8.6 trillion soums. This is almost twice as much as in the same period last year (4.4 trillion soums).

The cost of production has doubled compared to 2021 and 2022: from 3.55 trillion soums to 7.2 trillion soums. However, the company's gross profit amounted to 1 trillion 470 billion soums, which is 64% more than last year.

The company's expenses in January-March amounted to 7.6 trillion soums. 143 billion soums of income tax was paid, which is 2.15 times more than in the first quarter of 2021.

In the first quarter, UzAuto Motors' net profit reached 619.6 billion soums. In the same period last year, the figure was 75% lower - 352.29 billion soums.

In three months, the automaker produced 68,746 cars. In 2021, a total of 236,667 cars were produced.