AZSTAND’s net profit decreased


June 16, Fineko/abc.az. The Azerbaijan Institute of Standardization (AZSTAND) completed 2020 with net profit of AZN 33,000 (3.8-fold less than in 2019).

ABC.AZ reports that last year AZSTAND's pre-tax income amounted to AZN 42,000 (3.8-fold less than a year earlier) and income tax payments AZN 8,000 (4-fold less).

As of 1 January 2021 institute's assets totaled AZN 6.93 million (0.2% less year-on-year).

Over the reporting period organization's liabilities decreased by 3.7 times to AZN 17,000, and its balance sheet capital grew by 0.5% up to AZN 6.76 million.