BAKU, Azerbaijan, May 27. The net profit of Azerbaijani investment company BTB Kapital JSC amounted to 119,760 manat ($70,400) in 2021, Trend reports with reference to the company’s financial report.
According to the data confirmed by the audit report, the company's income amounted to 1.1 million manat ($647,000) in 2021, interest income – 122,550 manat ($72,000).
According to the results of 2021, commission expenses of BTB Kapital amounted to 307,640 manat ($180,900), personnel expenses – 269,840 manat ($158,700), other operating expenses – 368,820 manat ($216,900), interest expenses – 101,170 manat ($59,500).
The company's profit before taxes amounted to 149,080 manat ($87,600), income tax payments – 29,320 manat ($17,200) in 2021.
BTB Kapital's assets increased by 2.3 times in 2021 compared to 2020 - up to 3.5 million manat ($2.05 million), capital - by 10.2 percent, up to 1.2 million manat ($705,800), liabilities - by 6.6 times - up to 2.3 million manat ($1.3 million).
