Insurer with profit decreased by AZN 462,000 - Report


April 8, Fineko/abc.az. Insurance & reinsurance broker Caspian International Broking LLC completed 2019 with net profit of AZN 1.3 million.

ABC.AZ reports with reference to company's report that the insurer finished 2018 with net profit of AZN 1.76 million. The decrease in net profit is associated with reduction in company's total income. Last year, the total profit of Caspian International amounted to AZN 1.937 million and total expenditures AZN 309,000. The company paid income tax of AZN 328,000 from operating profit in the amount of AZN 1.628 million.

For comparison, in 2018 company’s total revenue reached AZN 2.56 million and total expenses AZN 326,467. The insurer paid AZN 2.235 million of profit tax from financial profit in the amount of AZN 472,953.