Azenko suffered big losses

16:03 - 11.01.2022

January 11, Fineko/abc.az. Azenko completed 2020 with net loss of AZN 3.72 million, ABC.AZ reports with reference to company’s financial indicators.

The company completed 2019 with net profit of AZN 11.7 million.

Azenco’s main earnings in 2020 decreased by AZN 16.18 million, or 40% to AZN 24.47 million against 2019 – AZN 40.2 million.

Last year, despite a 40% decrease of income, the cost of sales increased by AZN 6.1 million, or 29% up to AZN 26.6 million. In 2019, the value of Azenko’s sales amounted to AZN 20.59 million.

 

Other news