Cement Company Norm Gains Profits

The cement company Norm, which started in 2013 to manufacture cement in the Garadagh district of Baku, at the end of 2014 gained an income - 713 thousand AZN.

According to the financial report subjected to an audit by Deloitte, last year the sales revenue was 51.8 million AZN. In view of the direct cost of sales the profit amounted to 18 million 187 thousand AZN.

Over the past year the company's assets (258.5 million manats) increased by 9.4%. Commitments of Norm LLC to creditors and suppliers were 151.7 million mantas at the beginning of the year.

The construction of the Norm cement plant started in 2011. The production capacity is 5,000 tons of clinker per day and 2 million tons of cement per year. This is the largest cement plant in Azerbaijan. --- 08D

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