Azəristiliktəchizat ended last year with loss


July 5, Fineko/ Azəristiliktəchizat completed 2021 with loss of 10,372,000 manats, while in 2020, its profit reached 1,033,000 manats.

ABC.AZ informs with reference to heat power company’s financial report that last year’s loss of Azəristiliktəchizat grew by 11.7% up to 98,918,000 manats.

As of 1 January 2022, its assets amounted to 189,678,000 manats (1.2% more than a year earlier). Company's liabilities grew by 24%, to 59,150,000 manats, and the balance sheet capital decreased by 6.7%, to 130,528,000 manats.

Azəristiliktəchizat was established on the basis of Presidential Decree "On improving management in the field of heat supply" dated June 8, 2005. Its authorized capital is 136,685,000 manats. The company provides heat to residential houses and buildings, educational institutions, healthcare and other social facilities in Baku and districts of Azerbaijan.