A company engaged in processing of used oils made profit

16:02 - 12.04.2023

April 12, Fineko/abc.az. Exol Azerbaijan CJSC, engaged in the processing of used oils in Azerbaijan, published a report for 2022.

ABC.AZ reports that last year company's revenue from sales amounted to AZN 7.2 million, and operating expenses AZN 4.4 million. Compared with the previous year, company's revenues grew by AZN 800,000 and expenses by 200,000.

Azal Azerbaijan’s administrative costs more than halved from AZN 431,000 to AZN 194,000.

As a result, the company ended the year with net profit of AZN 2.655 million, which is 505 more against 2021. Company’s net profit amounted to AZN 1.76 million.

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