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Economy 22/02/2011 Ahangarancement’s net income reaches 91.103bn soums
Ahangarancement’s net income reaches 91.103bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Ahangarancement OJSC made up 91.103 billion soums in the fourth quarter of 2010 against 68.895 billion soums in the same period of 2009, the financial report of the company said.

Net revenue from realization of goods rose from 181.611 billion soums in the fourth quarter of 2009 to 220.044 billion soums in the same period of 2010.

Gross profit from goods realization made up 131.382 billion soums against 109.262 billion soums in the reporting period. Profit from general economic activity made up 129.66 billion soums in the fourth quarter of 2010 compared to 94.231 billion soums in the same period of 2009.

Long-term assets of the company grew from 95.136 billion soums in the beginning of the quarter to 220.217 billion soums at the end of quarter. Current liabilities made up 7.66 billion soums in the fourth quarter of 2010 (6.625 billion soums in the beginning of the quarter).

According to the company, Ahangarancement’ charter capital made up 4.928 billion soums at the end of the fourth quarter of 2010.

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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