BAKU, Azerbaijan, October 12. The net profit of Azerenergy JSC amounted to 145.7 million manat ($85 million) in 2021, Trend reports via financial report.
According to the report, revenues amounted to 1.3 billion manat or $764.7 million (an increase by 17.6 percent), including revenues from electricity sales - 1.2 billion manat or $70 million (an increase by 19.4 percent), from power connection - 8.8 million manat or $5.1 million (an increase by 7.1 time), other income - 30.5 million manat or $17.9 million.
Net financial expenses amounted to 27.3 million manat ($16 million), recovery of damage from the depreciation of advances issued for real estate, buildings, equipment and their purchase - 9.6 million manat ($5.6 million).
Expenses for the conversion of foreign exchange transactions amounted to 1.5 million manat ($882,235).
The company's profit before taxes amounted to 197.3 million manat ($116 million), after income tax payments - 50 million manat ($29.4 million).
