Investment company BTB Kapital suffers losses of AZN 6,000 for 2019


June 29, Fineko/abc.az. BTB Kapital investment company completed the last year with loss of AZN 6,000.

ABC.AZ reports that according to company’s financial report, this is almost by 88% less than in 2018.

Last year BTB Kapital's pre-tax loss amounted to AZN 9,000 (86% less), and the savings on income tax payment – AZN 3,000 (80% less).

BTB Kapital's assets as of 1 January 2020 amounted to AZN 1.8 million (by 6 times more than a year earlier).

For the reporting period investment company's liabilities increased almost by 170 times up to AZN 869,000, while its balance sheet capital 3.15 times up to AZN 943,000, including its authorized capital by 2.9 times up to AZN 1 million.