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Economy 08/08/2011 Ahangarancement’s net income reaches 50.17bn soums in 1H 2011
Ahangarancement’s net income reaches 50.17bn soums in 1H 2011
Tashkent, Uzbekistan (UzDaily.com) -- Ahangarancement open joint stock company received net income for 50.17 billion soums in the first half of 2011 against 41.74 billion soums in the same period of 2010, the financial reports of the company said.

Net revenue from goods realization grew from 101.57 billin soums in the first half of 2010 to 129.79 billion soums in the same period of 2011.

Gross income from goods realization made up 52.216 billion soums against 62.64 billion soums in the reporting period. Profit from general economic activity in the first half of 2011 made up 79.6 billion soums compared to 58 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 237.55 billion soums in the end of the second quarter of 2011. Current liabilities reached 17.95 billion soums at the end of the second quarter (7.66 billion soums at the beginning of 2011).

According to the company’s data, the charter capital of Ahangarancement makes up 4.928 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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