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Uzbek automotive industry association’s net profit down

Business Materials 28 October 2016 21:14 (UTC +04:00)

Tashkent, Uzbekistan, Oct. 28

By Demir Azizov – Trend:

Uzbek Association of Automotive Industry Enterprises had a net profit of 42.35 billion soums (official exchange rate on Oct. 28 is 3083.96 soums/$1) in January-September 2016, which is 30.9 percent less than in the same period of 2015, the country’s Single Portal of Corporate Information (openinfo.uz) said in a report.

The reasons for the profit decrease are not disclosed.

Currently, more than 200 enterprises and organizations within the Association of Automotive Industry Enterprises are operating in the automotive industry of Uzbekistan.

Among those organizations there are three assembly enterprises, including the largest one – GM Uzbekistan.

GM Uzbekistan’s design capacity is 250,000 cars per year.

Samarkand Automobile Factory LLC produces light trucks and buses, and MAN Auto-Uzbekistan JV produces heavy trucks.

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