Industry News

NGMK Revises Profit Forecast and Implements “Strict Economy Mode” Following Government Directive

The largest enterprise in Uzbekistan, Navoi Mining and Metallurgical Combine (NGMK), initially projected a decrease in profits to 9 trillion Uzbekistani soms (-6.4 trillion) and an increase in expenses to 39.9 trillion soms (+11.9 trillion) by early April. However, in response to a government directive, NGMK has introduced a "strict economy mode." "Gazeta.uz" has obtained information about the expected performance by the end of 2023.