Uzbekistan’s Hamkorbank nine-month net profit up 16.8% to nearly $125M

trend.az · economy
Full story

Uzbekistan's Hamkorbank reported a year-on-year increase in net profit for the first nine months. The rise amounted to 16.8 percent compared with the same period a year earlier. The bank's profit reached nearly $125 million over those nine months. Applying the reported growth rate suggests an increase of roughly $18 million from the previous year's result. The announcement gives no breakdown of revenue, lending activity, operating costs or assets. It also does not identify which business lines produced the higher profit. Nor does it provide a management explanation or a forecast for the rest of the financial year. The available figures therefore describe the size of the profit and its growth rate without showing what drove the improvement.

Read full article → Compare