Ipək Yolu Sığorta's profit decreased — The company shrank

15:07 - 22.02.2024


February 22, Fineko/abc.az. Ipək Yolu Sığorta completed 2023 with profit of 667,000 manats (27% less versus 2022 - 913,000 manats).

ABC.AZ reports that last year Ipək Yolu Sığorta’s revenues amounted to 19.845 million manats (4% less versus 2022), expenses – 19.1 million manats (2.5% less against 2022), and income tax payments – 167,000 manats (a drop of 27%).

Last year, the assets of Ipək Yolu Sığorta totaled 31.789 million mantas (1.4% less than at the beginning of 2023). Company’s liabilities reduced by 2.2% to 16.318 million manats, and its capital by 0.5% to 15.47 million manats.

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