Baku, Azerbaijan, Aug. 29
By Eldar Janashvili – Trend:
Azerbaijan’s investment company Unicapital OJSC completed 2018 with a net annual profit of 300,000 manats, while 2017 was completed with a profit of 393,000 manats, Trend reports referring to the organization’s audit report.
Over the year, the company’s profit decreased by 23.7 percent, according to the report.
The company’s operating revenue amounted to 344,700 manats (a 45 percent decline), and was generated from trade income in the amount of 888,600 manats and staff costs in the amount of 334,300 manats (an increase of 27 percent), as well as general and administrative expenses of Unicapital in the amount of 109,600 manats (a 15 percent decline).
The interest income of the company significantly increased almost nine times and amounted to 27,800 manats. Interest expenses, on the contrary, significantly decreased by 35.5 times and amounted to 2,800 manats. Thus, the interest income amounted to 24,900 manats compared to the interest loss of 104,200 manats in 2017.
Revenues from operations with foreign currency also brought profit to the company: their volume amounted to 14,700 manats. At the same time, following the results of 2017, the company lost almost the same amount (14,300 manats) during operations with foreign currency.
Profit before paying income tax amounted to 384,300 manats. Income tax amounted to 84,200 manats.
($1 = 1.7 manats on Aug. 29)
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