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Economy 02/08/2012 Ahangarancement posts 31.636bn soums of net income in 2Q
Ahangarancement posts 31.636bn soums of net income in 2Q
Tashkent, Uzbekistan (UzDaily.com) -- Ahangarancement open joint stock company said its net income fell from 50.173 billion soums in the second quarter of 2011 to 31.636 billion soums in the same period of 2012.

The company’s report said that net revenue rose from 129.791 billion soums in the second quarter of 2011 to 138.995 billion soums in the same period of 2012.

Gross income from realization of products made up 69.368 billion soums against 82.216 billion soums in the reporting period. Income from general economic activity decreased from 79.595 billion soums to 62.812 billion soums in the reporting period.

The company’s assets grew from 488.493 billion soums at the beginning of the second quarter of 2012 to 529.768 billion soums in the end of the period.

According to the company, its charter capital makes up 4.929 billion soums. The reserve capital made up 264.343 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.

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