SOCAR earned about AZN 85 bn for 2019

11:40 - 30.06.2020


June 30, Fineko/abc.az. SOCAR has published its consolidated financial statements for 2019.

ABC.AZ reports with reference to SOCAR’s financial statements that total turnover (revenue) of the Company for fiscal year 2019 amounted to AZN 83.8 bn.

A significant part of this indicator accounts for trading operations with third-party oil and petroleum products. Despite the limitation of the total turnover of crude oil and petroleum products purchased from third parties last year, the efficiency of trading operations and their profit ratio increased.

During the reporting period 92.7% of Company's total revenues were registered in foreign markets, including AZN 63.7 bn accounted for trade turnover carried out through SOCAR Trading and SOCAR Energy Holding in Switzerland.

In such spheres as manufacturing and transportation with high profit share, SOCAR’s revenue continued to grow last year, with an increase of 88.6% in Turkey and 4.3% in Georgia.

 

Other news