Income of Azerbaijani subsidiary of Nobel Energy fall sharply

17:22 - 7.12.2023


December 7, Fineko/abc.az. The revenues of Prokon LLC, a subsidiary of Noble Energy in Azerbaijan, have fallen.

ABC.AZ reports that information about decrease in revenue became known from company's annual audit report.

Prokon's revenue for 2022 amounted to 101.15 million manats. And this is 43% less than in 2021. At that, company's sales totaled 89.06 million manats, and total profit was 12.09 million manats. In the previous year, total income amounted to 36.47 million manats.

Thus, after all the difference in income and expenses, the company had net profit of 331,000 manats. Company's net profit for the previous year reached 16.14 million manats.

Other news