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Economy 29/04/2011 Ahangarancement OJSC net income makes up 15.186bn soums in 1Q 2011
Ahangarancement OJSC net income makes up 15.186bn soums in 1Q 2011
Tashkent, Uzbekistan (UzDaily.com) -- Ahangarancement open joint stock company received net income for 15.186 billion soums in the first quarter of 2011 against 14.623 billion soums in the same period of 2010, the financial reports of the company said.

Net revenue from goods sales rose from 40.67 billion soums in the first quarter of 2010 to 44.552 billion soums in the same period of 2011.

Gross income from goods realization made up 24.393 billion soums against 22.948 billion soums in the reporting period. Income from general activity made up 23.443 billion soums in the first quarter of 2011 compared to 20.526 billion soums in the same period of 2010.

Long-term assets of the company grew from 223.642 billion soums in the beginning of 2011 to 251.271 billion soums in the end of quarter. Current liabilities made up 12.17 billion soums in the end of the first quarter of 2011 (7.66 billion soums in the beginning of 2011).

According to the company, the charter capital of Ahangarancement OJSC made up 4.982 billion soums.

Ahangarancement OJSC is the second largest cement plant of Uzbekistan. Its market share is 27.9%. The enterprise exports cement to Kazakhstan, Kyrgyz Republic and Turkmenistan. The enterprise produces mineral wool products, construction mixtures, ferroconcrete items.

Eurocement Group Holding, an international vertically integrated industrial holding, is a leading producer of building materials in Russia.

Eurocement Group Holding is one of the 10 major cement companies in the world and unites 16 cement plants in Russia, Ukraine and Uzbekistan, as well as plants producing concrete, reinforced concrete constructions, quarries of nonmetallic materials, and industrial engineering enterprises.

Productive capacity of holding enterprises amounts to 37.5 million tonnes of cement, 10 million m3 of concrete. Nonmetallic reserves for carbonate strata with total explored reserves exceed 2.8 billion tonnes, and those for granite with reserves are about 1.8 billion tonnes.

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