Xalq Heyat also ended 2019 with loss


April 3, Fineko/abc.az. Xalq Heyat OJSC, which has started operations, released the financial indicators for 2019.

ABC.AZ reports with reference to XH’s report that the Company finished the last year with loss of AZN 1.109 million. So, in 2019 XH’s total revenues amounted to AZN 936,000 and the total expenses AZN 2 million. The Company suffered losses due to the fact that expenses exceeded revenues.

As for insurance premiums, XH gathered AZN 936,000 for 2019, but did not make any insurance payments.

By Elmir Murad