Profit of investment company Xalq Kapital decreased almost by 15%


June 3, Fineko/ Investment company Xalq Kapital completed 2020 with net profit of AZN 58,000 (14.7% less than in 2019).

ABC.AZ reports that this is stated in the financial statements of the company.

According to the report, last year Xalq Kapital's income before tax amounted to AZN 74,000 (14% less) and profit tax payments AZN 15,000 (16.7% less).

As of 1 January 2021, Xalq Kapital’s assets amounted to AZN 688,000 (12.4% more year-on-year). For the reporting period investment company's liabilities grew 4.4-fold up to AZN 22,000 and its balance sheet capital by 9.5% up to AZN 666,000.