Ahangarancement posts 36.81bn soums of net income in 1Q

Net revenue from realization of goods rose from 65.875 billion soums in January-March 2013 to 118.665 billion soums in the same period of 2014 (+1.8 times).

The prime cost of realized goods reached 38.26 billion soums in January-March 2014 against 34.495 bilions oums in the first quarter of 2013. The growth rate made up 10.92%.

The gross income from realization of goods made up 80.405 billion soums against 31.38 billion soums in the reporting period (+2.56 times). Income from general economic activities grew from 22.463 billion soums to 68.525 billion soums in the reporting period (+3.05 times).

The assets grew from 706.538 billion soums to 759.191 billion soums in the reporting period. The long-term assets decreased from 355.784 billion soums to 252.292 billion soums (-29.09%) and current assets rose from 350.753 billion soums to 506.898 billion soums (+44.51%).

According to the company, the charter capital of Ahangarancement made up 4.929 billion soums. Reserve capital reached 272.414 billion soums. Undistributed income exceeded 436.586 billion soums.

Open joint stock company Ahangarancement was founded in 1961. Its total capacity makes up 1.736 million tonnes a year. From July 2006, it is part of Eurocement (Russia). The plant produces several types of cement. It is the second largest cement producer in Uzbekistan.