Azerbaijan, Baku, 22 August / Trend corr. S.Babayeva / Garadag Cement OJSC, Azerbaijani largest concrete producer, has announced the financial index for 1 January 2008. According to the report, company's incomes in 2007 totalled AZN 60,297,292 and AZN 35,124,955 were spent.
Garadagh Cement's assets reached AZN 77,139,683, permanent assets - AZN 67,495,445 and investments- AZN 13,494,463.
Payments to the state budget touched AZN 8,918,265.
As for 2007, company's authorized capital totaled AZN 31,812,880, debts to creditors was AZN 7,467,716.
Garadagh Cement is the largest clinker and concrete producer in the whole Caucasian region.
Plant was privatized in 1999. The Swiss HolcimGroup firm purchased plant's shares. Plant's other shareholders are the European Bank of Reconstruction and Development and Azerbaijani Investment Company.