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Economy 14/05/2010 Net income of Ahangarancement reaches 14.623bn soums in 1Q 2010
Net income of Ahangarancement reaches 14.623bn soums in 1Q 2010
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Ahangarancement open joint stock company made up 14.623 billion soums in the first quarter of 2010 against 10.046 billion soums in the same period of 2009.

Net revenue from sales rose from 34.593 billion soums in January-March 2009 to 40.669 billion soums for the same period of 2010.

Gross income from goods sales also increased to 22.948 billion soums from 15.605 billion soums in the reporting period.

The company said Ahangarancement’s assets grew from 269.361 billion soums in the first quarter of 2009 to 290.383 billion soums in the same period of 2010.

Current liabilities of the company made up 10.923 billion soums in January-March 2010 against 6.634 billion soums in the same period of 2009. The authorized capital made up 4.928 billion soums.

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.

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