9 June 2021

Participant of the first SPO in Uzbekistan has greatly improved its performance

In 2018, the company attracted 2.9 billion soums, and 2.8 thousand people became shareholders of the plant. “Qo'qon mexanika zavodi" JSC improved its financial performance in 2021, according to the company's financial statements.

According to the results of the first quarter, the plant received a net profit of 515.4 million soums. For comparison, the results of the same period last year showed a net loss of 1.9 billion soums.

“Qo'qon mexanika zavodi" JSC was able to improve its business by increasing revenues (from 1.5 billion soums to 4.7 billion soums) and income from core activities (from 8.8 million soums to 1.4 billion soums).

The first SPO in Uzbekistan

“Qo'qon mexanika zavodi" JSC was established in 1933 on the basis of the "Repair-mechanical factory". The company mainly provides services for the oil and gas industry.

At the end of 2018, the factory became the first company in Uzbekistan, which successfully conducted an SPO. At that time, the company attracted 2.93 billion soums, and 2.8 thousand people became shareholders of the plant.

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