Net profit increases in Uzbek Akhangarancement company
Tashkent, Uzbekistan, Oct. 31
By Demir Azizov– Trend:
The net profit increased by 45.6 percent up to 135.108 billion soums in Akhangarancement JSC, the second largest cement producer in Uzbekistan, in January - September 2016 compared to the same period of 2015, the company’s report, published on the website of the Uzbek center for coordination and control over functioning of securities market, said.
According to the report, net revenues from product sales increased by 45 percent up to 447.110 billion soums.
Akhangarancement increased cement production by 6.1 percent up to 1.418 million tons in January-September 2016 compared to the same period of 2015, clinker production - by 3.8 percent up to 1.015 million tons, the report said.
Akhangarancement JSC started to operate in 1961. The production capacity is 1.986 million tons of cement. The company’s share on the country’s domestic market is about 30 percent. The products are exported to Kazakhstan, Kyrgyzstan and Turkmenistan.
Akhangarancement increased cement production by 4.1 percent up to 1.771 million tons, clinker production - by 3.4 percent up to 1.282 million tons in 2015 compared to 2014.
There are seven cement plants with a total capacity of more than seven million tons in Uzbekistan. Among the largest plants are Qizilqumsement JSC (3.08 million tons), Akhangarancement JSC (around two million tons) and Kuvasaycement JSC (920,000 tons).