Holcim Azerbaijan reports 9% revenue increase in 2018

Holcim Azerbaijan has reported that its revenue increased 8.7 per cent YoY to AZN116.3m (US$68.57m) in 2018. After deducting transportation, administrative and sale expenses, the company’s operating income reached AZN20.369m, which is a 28.4 per cent rise compared to 2017.

The pretax profit surged by almost four times to AZN11.471m, according to Regional Finances. Net profit amounted to AZN7.067m for the year.