A company that earned only 145 manats in a year - Report

10:56 - 20.05.2024


May 20, Fineko/abc.az. Imishli Avtonagliat OJSC announced the balance sheet results for 2023.

ABC.AZ reports that the company ended last year with profit of only 145 manats (27 manats or 15.7% less than in 2022).

Last year, the company did not pay income tax. The main operating income of the joint-stock company amounted to 10,000 manats, the cost of sales was 702 manats. In annual comparison, core operating income decreased by 1,600 manats (13.8%), cost of sales - by 12 manats (1.7%). Thus, company's total profit fell to 9,300 manats, down by 1,600 manats (14.7%) compared with 2022.

In addition, company's personnel expenses reached 5,100 manats, depreciation expenses – 1,300 manats, administrative expenses – 9,100 manats, and general operating expenses – 6,400 manats.

Over the past year, company's personnel expenses grew by 400 manats (8.5%), depreciation expenses dropped by 600 manats (31.6%), administrative expenses by 1,700 manats (15.7%), general operating expenses - by 200 manats (3%).