OJSC Holcim (Azerbaijan) records net profit in 2017

OJSC Holcim (Azerbaijan) returned to profit within the full-year 2017 period, recording a net profit of AZN1.7m (US$1m).

The proceeds from cement sales increased 37.1 per cent YoY, to AZN107m from AZN77.9m. Furthermore, the operating profit of the company tripled to AZN15.8m, according to Turan Information Agency.

The shareholders have not decided on the profit distribution. As of 1 January 2018, the company has AZN87.8m of undistributed profit.