UzAuto Motors has adopted a new dividend payout plan. This was reported on the Unified Portal of Corporate Information of the NAAP.
An extraordinary shareholders' meeting, which approved the profit distribution program, took place on January 10. The decision was endorsed by owners of 99.83% of the shares, with 0.1% abstaining.
A total of 264.01 billion soums will be allocated for dividend payments — equating to 975 soums per ordinary share, in line with the recommendation of the supervisory board. The funds will be transferred between January 10 and March 11.
At the same time, the company's undistributed profit as of the end of September 2024 amounted to 8.84 trillion soums. The company will retain 8.57 trillion soums, or 97% of the total amount.
In October, the company decided to distribute 167.88 billion soums in dividends to shareholders, which translates to 620 soums per share. Additionally, the undistributed profit of the company as of July 1 was 8.54 trillion soums, representing a 28.8% increase compared to the previous year.
Of this amount, 1.9 trillion soums were generated from January to June of this year, which is 65% higher than the previous year. The automaker increased its revenue to 23.42 trillion soums while reducing its cost of goods sold by 1% to 18.97 trillion soums.
Previously, Spot reported that Odiljon Bastamkulov was appointed as the acting CEO of UzAuto Motors.