EL Metal Plus profit sharply decreased

11:12 - 23.04.2024


April 23, Fineko/abc.az. EL Metal Plus CJSC completed 2023 with profit of 1.55 million manats. Company’s profit for 2022 totaled 3.505 million mantas (3.3-fold less than a year earlier).

ABC.AZ reports, referring to company's financial statements, that last year the main operating income of EL Metal Plus dropped by 5.4% to 54.197 million manats, the cost of sales declined by 14.4% to 42.75 million manats, other operating income – 19,000 manats, administrative expenses — 9.31 million manats, other expenses — 224,000 manats, financial expenses — 1.435 million manats.

Company's total assets grew from 18.695 million manats up to 21.829 million manats, total liabilities — from 11.365 million manats up to 13.623 million manats, total capital — from 7.331 million manats up to 8.206 million manats.