Baku, Azerbaijan, Aug. 26
By Eldar Janashvili – Trend:
Azerbaijani investment company PSG-Kapital CJSC ended 2018 with a net profit of 354,500 manats, while by the end of 2017 the company made a profit of 39,819 manats, Trend reports referring to the company’s audit report.
According to the report, the company’s profit increased by almost nine times over the year. The company's operating loss, having increased 1.5 times, amounted to 135,800 manats and was formed through revenues of 1.226 million manats (growth of 1 percent over the year) and expenses by 1.362 million manats (growth of expenses at 4.5 percent over the year).
Annual profit amounted to 387,000 manats after the deduction of income tax (100,500 manats), when accounting for interest and other incomes in the amount of 640,500 manats (growth by 4.3 times over the year) and the profit received from the difference in the loss rate of 17,200 manats. The difference relative to annual profit for the previous year amounted to 347,000 manats, or more than nine times.
Follow the author on Twitter: @eldarjanashvili
