Education Quality Assurance Agency’s profit plummeted

16:47 - 6.03.2024


March 6, Fineko/abc.az. The Agency for Quality Assurance of Education (TKTA) completed 2022 with profit of 269,000 manats.

ABC.AZ informs that the Agency finished 2021 with net profit of 386,000 manats.

This means that net profit decreased by 110.64 million manats last year, or by 29%.

Agency’s total revenues grew from 1.58 million manats in 2021 up to 1.3 million manats in 2022. Revenues increased more than by 245,000 manats (23.2%) last year.

The agency's personnel expenses amounted to 747.8 thousand manats, depreciation expenses - 54.6 thousand manats, other operating expenses - 231.7 thousand manats.

Compared with the previous year, personnel expenses grew by 207,500 manats (38.4%), depreciation expenses by 22,500 manats (70%), other operating expenses by 135,600 manats (2.4-fold).