Out of UZS 8.8 trln in undistributed profits, UzAuto Motors will allocate UZS 264 bn for dividend payments to its shareholders, according to the company’s report.
The decision was made by the shareholders on January 10. The dividend per share will amount to UZS 975.
It is worth noting that by the end of the second quarter of last year, UzAuto Motors’ net profit exceeded UZS 1.9 trln, while undistributed profits reached UZS 8.5 trln.
The company’s annual revenue grew from UZS 22 trln to UZS 23.4 trln.
It should be noted that from 2021 to 2024, UzAuto Motors was led by former GAZ and AvtoVAZ head, Bo Andersson. According to him, during this period, the company was able to increase car production and sales by 60%. Uzbekistan also became the second-largest market for Chevrolet cars after the United States.
