BAKU, Azerbaijan, June 2. The net profit of Azerbaijan’s AzFinans investment company amounted to 870,480 manat ($512,000) in 2021, Trend reports with reference to Baku Stock Exchange (BSE).
According to the data confirmed by the audit report, the company's income amounted to 2.5 million manat ($1.4 million) in 2021, including other income – 471,350 manat ($277,200).
AzFinance's expenses amounted to 1.5 million manat ($882,300) for last year, including personnel costs – 1 million manat ($588,800), other operating expenses – 446,230 manat ($262,400).
Company's profit before taxes in 2021 amounted to 1.05 million manat ($617,600), income tax payments – 189,290 manat ($111,300).
AzFinance's assets increased by 2.06 times in 2021 compared to 2020 - up to 5.05 million manat ($2.9 million), capital - by 34.5 percent, up to 2.9 million manat ($1.7 million), liabilities - by 9.2 times - up to 2.05 million manat ($1.2 million).