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Economy 17/08/2010 Ahangarancement OJSC records net income for 41.74bn soums in 2Q 2010
Ahangarancement OJSC records net income for 41.74bn soums in 2Q 2010
Tashkent, Uzbekistan (UzDaily.com) -- Ahangarancement open joint stock company recorded net income for 41.74 billion soums in the second quarter of 2010 against 28.62 billion soums in the same period of 2009.

Net revenue from sales rose from 80.561 billion soums in the second quarter of 2009 to 101.571 billion soums in the second quarter of 2010.

In the report period, gross income from realization of goods made up 62.642 billion soums against 41.548 billion soums.

Income from general economic activity of Ahangarancement rose from 34.581 billion soums in the second quarter of 2009 to 57.997 billion soums in the reporting period.

Long-term assets grew from 95.136 billion soums to 204.186 billion soums. Current liabilities comprised 11.5 billion soums in the reporting period compared to 6.634 billion soums in the second quarter of 2010.

As earlier reported, Ahangarancement open joint stock company produced 650,220 tonnes of clinker and 820,700 tonnes of cement in the first six months of 2010.

Ahangarancement is the second largest cement producer in Uzbekistan in terms of capacity. Its market share in internal market made up 27.9%. The enterprise exports products to Kazakhstan, Kyrgyzstan and Turkmenistan. The charter capital of the enterprise is 4.928 billion soums.

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