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AGMK's net profit ups by 3 times in 2010

Business Materials 18 July 2011 16:13
The net profit of the Almalyk Mining and Metallurgy Combine OJSC (AGMK, Uzbekistan) increased by 3.2 times up to 87.329 billion soums compared to 2009, the Combine said.

Uzbekistan, Tashkent, July 18 / Trend D.Azizov /

The net profit of the Almalyk Mining and Metallurgy Combine OJSC (AGMK, Uzbekistan) increased by 3.2 times up to 87.329 billion soums compared to 2009, the Combine said.

According to the report, the company's net profit increased by 1.3 times - up to 1.16 trillion soums, gross profit - by 33.7 percent up to 564.3 billion soums, cost price - by 27.8 percent up to 594.65 billion sums.

According to the combine, the costs increased by 9.7 percent up to 419.07 billion soums last year.

The report said that the combine extracted 30.1 million tons of copper ore and produced 86,300 tons of copper products, 51,100 tons of zinc metal and 382,100 tons of sulfuric acid.

The report does not show comparative figures for production.

Almalyk Mining and Metallurgy Combine OJSC is the largest producer of copper in Central Asia and it has right to develop several copper- molybdenic and lead-zinc deposits in Tashkent, Jizzakh and Namangan regions of Uzbekistan. The enterprise produces purified copper (cathode), including copper concentrate based on tolling and due to processing of scrap, metal zinc, lead concentrate and other products. Share of AGMK in production of silver is 90% and gold - 20% in Uzbekistan. AGMK now has four ore mills - copper, lead-zinc and two gold producing. The enterprise has eight ore mining enterprises and two metallurgy plants. Khandiza ore mining and processing complex will become the fifth plant.

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