BAKU, Azerbaijan, May 16. The net profit of Azerbaijan’s Invest-Az company amounted to 1.2 million manat ($705.8 million) in 2021, Trend reports with reference to the financial bulletin of the company.
According to the data confirmed by the audit report, the company's income amounted to 3.7 million manat ($2.2 million) in 2021, income from brokerage services – 304,600 manat ($179,170), other income – 1,460 manat ($858).
Administrative and other operating expenses of Invest-Az amounted to 2.2 million manat ($1.3 million) last year, interest expenses – 115,300 manat ($67,800).
The company's profit before taxes amounted to 1.5 million manat ($882,300) in 2021.
Income tax payments of company amounted to 314,200 manat ($184,800).
Assets of Invest-Az increased by 26.5 percent in 2021 compared to 2020 - up to 14.4 million manat ($8.4 million), liabilities - by 41.8 percent - up to 10.6 million manat ($6.2 million).
